What the CBIRC does in the shadows
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
In the same QA (see previous entry), the banking regulator (CBIRC) also took the opportunity to crow about the good job it’s done reining in shadow banking.
Shadow banking is tricky to measure, but the CBIRC estimates that since 2016 the sector has shrunk by RMB 16 trillion (CBIRC):
“Most of that i...