Shadow Loans Equal 80 pc of GDP

Bloomberg: PBOC Shines Light on New Risks in $8 Trillion Shadow Loan Market
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.
Most of it in WMPs...

No comments:

Post a Comment