China | Trust issues? China targets $3 trillion shadow banking sector

Trust issues? China targets $3 trillion shadow banking sector

With a flood of unregulated cash swirling through its economy, Beijing has taken aim at trust companies whose unrestrained lending worries regulators

September 10, 2017 1:52 PM (UTC+8)
Chinese banking regulators are monitoring the trust company sector more closely amid fears that lending regulations are being sidestepped and illegal lending will badly damage the national economy. Photo: Reuters/ Kim Kyung-Hoon
Chinese banking regulators are monitoring the trust company sector more closely amid fears that lending regulations are being sidestepped and illegal lending will badly damage the national economy. Photo: Reuters/ Kim Kyung-Hoon
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