FSB estimates of Chinese shadow banking fall short of target, IMF representatives suggest
IMF Asia chief and HK rep argue for broader inclusion of non-bank credit
China's shadow banking sector could amount to 55% of GDP, significantly higher than estimates by the Financial Stability Board (FSB), according to an International Monetary Fund (IMF) blog post published this week.
The Chinese shadow banking sector has attracted major attention from international regulators in recent years due to its explosive growth. It has accounted for half of the increase in overall credit to the Chinese economy since 2008, according to the IMF.
Shadow banking, a term that
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