What is shadow banking? Unpacking the risks for China
Publishing timestamp: 2023-09-13 19:56:28
Summary
The article discusses the risks posed by China's shadow banking sector and its intersection with the real estate industry. It highlights the lack of regulatory oversight, the dominance of state-owned banks, and the hidden debt of struggling real estate companies. The article also mentions the use of trust companies to hide risk and the need for Beijing to find alternative economic support to offset the crackdown on shadow banking and real estate debt.
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Tickers: SPGI,
Keywords: stock markets, s&p global inc, beijing, business news, markets, market insider, real estate, economic events, china,
Source: https://www.cnbc.com/2023/09/14/what-is-shadow-banking-unpacking-the-risks-for-china.html