KUALA LUMPUR: Moody's Investors Service estimates core Chinese shadow banking products totaled a large 21 trillion renminbi (RM10.22 trillion) at end-2012, or 39% of 2012 gross domestic product (GDP).
The ratings agency said on Monday China's shadow banking sector is large, referring to products which are relatively non-transparent, loosely regulated, and carry elevated credit risk.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!