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China escalates crackdown on $US1 trillion market – Sydney Morning Herald
China’s crackdown on shadow banking is taking aim at more than $US1 trillion of opaque investments sold by banks as low risk…
Chinas crackdown on shadow banking is taking aim at more than $US1 trillion ($1.3 trillion) of opaque investments sold by banks as low risk and high yield, even while funds were channelled to riskier borrowers such as developers.
Banks and wealth managers…
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