shadow banking

Stocks Fall as Central Bank Defends Liquidity Position

The Wall Street Journal reports that Chinese stocks “were in free fall on Monday” after Beijing scrambled over the weekend to assure investors that its financial system had ample liquidity. After the People’s...

Audit Reveals Growing Local Government Debt

A recent report from China’s National Audit Office shows an increase in borrowing at the local government level. The audit, which covered more than 200 local government financing vehicles, indicates that local debt has...

Shadow Lending Lingers as Threat to Banking System

The ratio of non-performing loans on the balance sheets of Chinese banks declined in 2012, according to their latest earnings reports, but does that indicate an improving bill of health for the financial sector? A new Reuters...

CDT Money: Time to Call the Bottom?

A breeze of cautious optimism wafted into the Chinese economy this week despite a seventh consecutive quarter of slowing GDP growth, as better-than-expected September data signaled that the world’s second largest economy...

Chinese Debt Issues Lurking in the Shadows

As if the mounting pile of failed loans to local governments isn’t enough of a concern on its own, The Diplomat’s Minxin Pei writes that the hidden debt – the product of off-balance sheet “shadow...

Shadow Banks on Trial With China’s “Rich Sister”

Wu Ying, once amongst the very wealthiest of China’s new rich, could have been a poster girl exemplifying the success stories of China’s economic miracle. Things didn’t work out that way. Wu, also known as...

CDT Money: Uneasy Status Quo?

In a week dominated by the political drama surrounding the dismissal of embattled Chongqing party secretary Bo Xilai, speculation continued over possible monetary easing despite mixed messages from officials as they seek to...

A Glimpse into the Life of a Chinese Executioner

Reuters reports on a profile in the Beijing Evening News of Hu Xiao, a judicial police officer and executioner, who described his routine of shooting condemned prisoners: “In fact, it’s not as complicated as...

Swimming Naked in China

Local prosecutors in Wenzhou, ground zero for China’s growing credit woes, announced they have arrested a duo accused of running a shadow lending scheme. From China Daily: The wife, Shi Xiaojie, was suspected of illegally...

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