China targets shadow banking for more transparency

01/29/2013 | Reuters · Financial Times (tiered subscription model)

Data on financing flows in China's shadow banking sector that the central bank began tracking in 2011 will now be published, a bank official says. The effort appears aimed at improving transparency in regional and national social financing and tightening regulation in this non-bank activity. Off-balance-sheet activity skyrocketed 600% last year in China, according to industry data. Western credit rating agencies view the increase as systemic risk to financial stability.

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Reuters · Financial Times (tiered subscription model)

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