Shadow banking back in vogue in China as assets grow for the first time since 2017

• Shadow banking assets grew 100 billion yuan (US$14 billion) to 59.1 trillion yuan (US$8.4 trillion) in the first quarter of 2020, according to a report from Moody’s
• China had been tightening its control over off-balance sheet lending by banks since 2016 to curb financial risks, but credit growth is needed to rescue the coronavirus-hit economy