The ever-evolving landscape of Chinese banking
from CFA Chicago
While Chinese economy has continued to grow at 7-8 percent per annum, Chinese finance is undergoing dramatic changes which are not yet widely understood. In response to the global financial crisis in 2008-2009, a flood of credit was created to underwrite robust investment growth. Recently to prevent fears of overcapacity, Chinese policymakers began to engineer an economic slowdown through restrictions on formal lending to reform and re-balance the economy towards consumption. However, to date, credit continues to fuel investment through the "shadow banking" sector. This rapid credit growth has raised concerns about future defaults and their macro impact on the Chinese and global economy. Join us on Nov. 19 as three veteran analysts of China's economy present both the facts and their differing opinions on the evolution of the Chinese shadow banking system.
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