It is perhaps one of the main reasons as to why authorities have now moved definitively to
curb shadow banking in the country.
Not exact matches
In a recent interview with Bloomberg, Chu said Beijing had shown a «surprisingly high appetite for pain» while trying to
curb some of the more egregious
shadow -
banking practices.
Having injected fresh energy into the
curbing of
shadow banking during last year's final quarter, it seems that China is now finally seeing its efforts starting to pay off.
Moody's sees receding concerns over China's massive
shadow banking sector following action from regulators to
curb systemic imbalances.