Shadow banking risks ebbing in China
The risks shadow banking poses to China's financial system are overstated
China’s shadow-banking sector grew by 37% year-on-year (YOY) to be ranked the third-largest in the world in 2013, according to the Financial Stability Board’s (FSB) Global Shadow Banking Monitoring Report 2014. A series of reported shadow-banking defaults, including those resulting in dozens of peer-to-peer (P2P) lending websites being shut down, has brought increased examination of the sector and scrutiny of the risks it poses to the economy.
Such developments make interesting newspaper reports
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