China Shadow Banking Loses Steam as Regulators Clamp Down: ChartBloomberg News
China’s assault on shadow banking is showing signs of working. Off balance-sheet lending fell the most since at least 2006 last month, led by short-term bill financing, while traditional bank loans rebounded sharply, central bank data showed this week. Regulators’ crackdown on bill-financing fraud, tightening of transfers of loan-beneficiary rights to other financial institutions, and implementation of a so-called Macro Prudential Assessment in recent months helped drive lending onto banks’ loan books, according to analysts including Deutsche Bank AG’s Hans Fan.
— With assistance by Jun Luo