Econ and Finance - 28 Sep 2020

Shadow banking – junior varsity edition

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On Saturday, the China Banking and Insurance Regulatory Commission (CBIRC) held a meeting to discuss some institutions on the periphery of China’s financial system.

The conclusion?

They’re a hot mess.

The meeting focused on six types of institution in particular (21st Cent Biz):

Cr...

Snuh-ohez.

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