China’s 2015 stock market fiasco destroyed US$5 trillion of wealth and tarnished Beijing’s reputation as a capable economic manager. Photo: AP

China to peer inside its shadow banking world via a new database

The new statistics platform is to measure all financial activity, from leveraged securities investment to local government borrowing, the People’s Bank of China said

Topic |   China economy

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China’s 2015 stock market fiasco destroyed US$5 trillion of wealth and tarnished Beijing’s reputation as a capable economic manager. Photo: AP
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