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China's shadow banking risk shifts to booming bond market

New corporate bond issuance leap to 914b yuan for Q3, or 29% of all new credit

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A board shows the length and annual yield rates of finance products outside a shop in Shanghai. Risky borrowers' debt is finding its way into products aimed at retail investors.

Shanghai

A YEAR after China's financial regulators squared up to the systemic perils of "shadow banking", the threat is shifting to a booming corporate bond market, and risky borrowers' debt is finding its way into products aimed at retail investors.

An opaque network of trust