China’s shadow banking sector was estimated to be worth about 84.8 trillion yuan (US$12.9 trillion) in 2019. Photo: Reuters China’s shadow banking sector was estimated to be worth about 84.8 trillion yuan (US$12.9 trillion) in 2019. Photo: Reuters
China’s shadow banking sector was estimated to be worth about 84.8 trillion yuan (US$12.9 trillion) in 2019. Photo: Reuters

China economy

China estimates shadow banking worth US$12.9 trillion as it moves to clean up high-risk sector

  • Chinese regulators say shadow banking sector equivalent to 86 per cent of gross domestic product in 2019
  • Industry must be ‘constantly dismantled’ as part of China’s financial de-risking campaign, authorities say

Topic |   China economy
China’s shadow banking sector was estimated to be worth about 84.8 trillion yuan (US$12.9 trillion) in 2019. Photo: Reuters China’s shadow banking sector was estimated to be worth about 84.8 trillion yuan (US$12.9 trillion) in 2019. Photo: Reuters
China’s shadow banking sector was estimated to be worth about 84.8 trillion yuan (US$12.9 trillion) in 2019. Photo: Reuters
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