Relevant:
- Mid-tier Chinese banks piling up trillions of dollars in shadow loans
- Is It Time To Start Worrying About China's Debt Default Avalanche?
- China's credit extension up 103.6% year-on-year in Jan
- Bass Says China Bank Losses May Top 400% of Subprime Crisis
- Fitch: China's Massive Credit Bubble Fueled By Shadow Banking And Securitization Could Collapse Banks
2017-02-20 — bloomberg.com
The expansion of this form of shadow banking, with money eventually being diverted to quasi-loans and bonds, outpaced the 10 percent growth for normal lending during the same period, raising risks for the broader economy and undermining the country's "deleveraging" efforts, the People's Bank of China said Friday in its quarterly monetary policy report.
Remind anyone of another three-letter-acronym... like "SIV" perhaps?
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