China targets a $3 trillion shadow banking industry – STLtoday.com

STLtoday.com

China targets a $3 trillion shadow banking industry
STLtoday.com
S H A N G H A I • As a flood of unregulated cash swirls through the Chinese economy, Beijing has been taking aim at the trust companies whose unrestrained lending practices are worrying regulators. The trusts, at the heart of a vast shadow banking

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