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Shadow banking back in vogue in China as assets grow for the first time since 2017

Summary:
[unable to retrieve full-text content]Informal lending by Chinese banks, so-called shadow banking, is back in vogue after two and half years of regulatory clampdown as Beijing pledges faster credit growth to rescue its coronavirus-hit economy, according to a new report.Overall shadow banking assets in China rose for the first time since 2017, a report published by American business and financial services company Moody’s on Wednesday showed.The report detailed how shadow banking assets in the world’s second largest economy grew 100…

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[unable to retrieve full-text content]
Informal lending by Chinese banks, so-called shadow banking, is back in vogue after two and half years of regulatory clampdown as Beijing pledges faster credit growth to rescue its coronavirus-hit economy, according to a new report.Overall shadow banking assets in China rose for the first time since 2017, a report published by American business and financial services company Moody’s on Wednesday showed.The report detailed how shadow banking assets in the world’s second largest economy grew 100…

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