China is a bright spot in the nascent private lending market in Asia, where banks have dominated loans to companies. Photo: Reuters

Debt funds see an opportunity as China cracks down on shadow banking

As otherwise healthy companies are starved of funding, firms like Morgan Stanley-backed Abax are seeking to plug the gap

Topic |   China economy

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China is a bright spot in the nascent private lending market in Asia, where banks have dominated loans to companies. Photo: Reuters
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