Shadow banking is a major source of funding for smaller private firms in China that cannot get credit from traditional lenders. Photo: Reuters

China to ‘strike a balance’ between good and bad shadow bankers to halt fall in growth

  • Shadow banking refers to financial activities conducted by unregulated lending institutions or off-balance-sheet activities by traditional financial institutions
  • Wang Zhaoxing, vice-chairman of the China Banking and Insurance Regulatory Commission, considering ‘benefits the real economy’
Topic |   Two Sessions 2019 (Lianghui)

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Shadow banking is a major source of funding for smaller private firms in China that cannot get credit from traditional lenders. Photo: Reuters
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