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Xi’s war on shadow banking spills over, threatens stability of China’s wider financial world

  • Sat, 10 Feb 2018 09:10
Beijing’s tightening rein on shadow banking activities, under President Xi Jinping’s call to tame risks, is opening a can of worms in the country’s wider financial realm as deals are falling apart and debts remain unserviced. As banks refuse to roll over debts, shadow lending channels blocked and the value of pledged shares of listed companies shrinking, deals that were once regarded as good are quickly turning sour. James He, a senior executive with a Beijing-based... South China Morning Post - China Business feed

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