Tuesday, 09 March 2021 06:34
CDI Expert interviewed by The Banker
On March 9, 2021, The Banker magazine, part of the Financial Times Group, interviewed Dr. Yu Lingqu on issues surrounding shadow banking in China. As Dr. Yu pointed out, with closer supervision and tighter regulation, the scale of shadow banking in China has rapidly decreased, from 100 trillion yuan in 2017 to 85 trillion yuan in 2019. Although a small rebound (less than one trillion yuan in scale) was seen in 2020 due to stimulation of the real economy in response to the pandemic, the overall trend remains centred on further regulating the financial market, compressing the scale of shadow banking, and controlling financial risks.
Published in 2021 - News