The Chinese shadow banking system is now a well - known financial Frankenstein, with multiple asset management companies, wealth management products and other off - balance sheet entities providing around half the country's credit volume.
The prospect of the first major default connected with
the Chinese shadow banking system sent shock waves through the financial markets of emerging economies.
Not exact matches
Those debt concerns have led some to claim that
shadow banking in the
Chinese economy could eventually lead to a financial crisis if the bubble pops.
Broad
shadow banking levels «barely grew» to 64.7 trillion
Chinese yuan ($ 9.72 trillion) at the end of the first half of 2017 from 64.4 trillion yuan ($ 9.68 trillion) at the end of 2016, a Moody's report released in November showed.
He ran the China
Banking Regulatory Commission's division overseeing the boom in China's trust products, investments considered part of the estimated $ 6.2 trillion shadow - banking system that Chinese officials have sought to bring under government c
Banking Regulatory Commission's division overseeing the boom in China's trust products, investments considered part of the estimated $ 6.2 trillion
shadow -
banking system that Chinese officials have sought to bring under government c
banking system that
Chinese officials have sought to bring under government control.
In addition, we think
Chinese President Xi Jinping is likely to continue the government's crackdown on corruption and the
shadow banking system.
Some believe that the
Chinese financial system, and perhaps the
shadow banking system more specifically, took a number of wrong steps, compounded by the lack of discipline among local governments, and created a debt problem.
While it may seem as though
Chinese authorities have started to get a grip on
shadow banking, Moody's also warns that the ability of the formal financial system to replace
shadow credit lines «may not be a perfect substitute».
The increase in gold premiums in China over spot gold prices in recent months may indicate
Chinese investor anxiety over the election of Donald Trump or coincidently growing nervousness within China over the fragility of its financial system that is being tested with failures in the
shadow banking sector.