Date
21 August 2017

‘Urgent need’ for check on shadow banking, Xinhua says

China urgently needs to improve its oversight and risk analysis of shadow banking, Xinhua reported Wednesday, citing a central bank official. Sheng Songcheng, financial survey and statistics chief at the People’s Bank of China, said his team was in talks with other government departments to get a tighter grip on research and analysis of shadow banks so they can better serve the real economy.

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