May
31
PBOC Shines Light on New Risks in $8 Trillion Shadow Loan Market
By-
Shadow banking grew 30% last year to equal four-fifths of GDP
-
Macquarie: Central bank wants ‘to have the situation in hand’
China’s central bank is expanding the fight to monitor and control risks emerging in the burgeoning market for loosely-regulated shadow lending.
The People’s Bank of China has started collecting data from the murky world of online financing, in which firms make loans for everything from weddings to mining projects. It’s a growing part of a shadow banking market that ballooned 30 percent last year to 53 trillion yuan ($8.1 trillion), or four-fifths the size of the economy, Moody’s Investors Service data show. The PBOC also wants to make trading in some commercial loans transparent by building an exchange for transactions, according to local media reports…
PBOC Shines Light on New Risks in $8 Trillion Shadow Loan Market
