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    Home » Reuters reveals waning trust: China shadow banks pivot away from property to survive
    Personal Finance Guides

    Reuters reveals waning trust: China shadow banks pivot away from property to survive

    AdmincryptBy AdmincryptDecember 11, 2022No Comments1 Min Read
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    China, shadow bank
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    Business & Finance

    11 December 2022, 4:58 pm. 1 minute

    Reuters took readers on a deep dive into how for more than a decade, Chinese developers’ debt-fuelled construction boom enriched the country’s shadow banks, who were eager to capitalise on the needs of an industry desperate for credit and too risky for traditional lenders. Now, in the wake of a government clampdown on real estate firms’ debt binge, that credit demand has collapsed — and so too has the single biggest revenue stream for shadow banks, also known as trust firms.

    Article Tags

    Topics of Interest: Business & Finance

    Type: Reuters Best

    Sectors: Business & FinanceReal Estate

    Regions: Asia

    Countries: China

    Win Types: Exclusivity

    Story Types: Exclusive / Scoop

    Media Types: Text

    Customer Impact: Significant National Story



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