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China's shadow banking sector expands

FSB ranks it as world's third largest under a new, more targeted definition
Saturday, November 1, 2014 - 05:50

Beijing

CHINA'S shadow banking sector continued to grow at breakneck speed in 2013 and now ranks as the third largest in the world, a report released by the Financial Stability Board (FSB) showed on Friday.

The FSB's report nevertheless appears to underestimate China's sprawling

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