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China's shadow bank lending rises to record in Q1

Sector's growth is an unintended side effect of the government's campaign against financial leverage

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Data from the central bank last week showed that off-balance sheet lending surged 754 billion yuan (S$153 billion) in March, taking the first quarter's total increase to a record 2.05 trillion yuan.

Shanghai

CHINA'S shadow banking is back in full swing, an unintended side effect of the government's campaign against financial leverage, which has curbed traditional lending and squeezed bond financing.

Data from the central bank last week showed that off-balance sheet lending

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