Shadow Banking in China: A Morphing Target

Shadow Banking in China: A Morphing Target

China’s shadow banking system thrived in the years after the global financial crisis, until reined in by regulators since 2013. Nevertheless, new forms of shadow banking are emerging. China’s style of shadow banking “Shadow banking” has become a buzzword ever since Paul McCulley, then with PIMCO, coined the term in 2007 to describe the financial […]