China's top banking regulator for the first time defined the criteria, scope and classification of the country's nearly $13 trillion shadow banking sector in a continuing effort to defuse systemic financial risks as the country expands credit to support recovery from the pandemic.
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China's $13tn shadow banking sector gets clearer definition
Top bank regulator lists criteria for determining threats to financial system
China’s shadow banking sector shrank to 84.8 trillion yuan from a peak of 100.4 trillion yuan in 2017, according to a regulatory report.
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