Securities firms’ advance into off-balance-sheet lending reflects the difficulty of policing the shadow-banking industry, which is estimated by Barclays Plc to be worth 38.8 trillion yuan.
Trust clampdown opens shadow banking to brokerages
www.kinibiz.com
As increased regulatory oversight curbs the growth of China’s trust companies, securities firms are seizing the opportunity to boost their share of the shadow-banking pie. The value of assets managed by brokerages surged 43 times in the last two years …
