You are here

Chinese central bank targets 53t yuan shadow loan market

PBOC collecting data to monitor and control emerging risks in murky world of online financing
Thursday, June 2, 2016 - 05:50

Beijing

THE People's Bank of China (PBOC) is expanding the fight to monitor and control risks emerging in the burgeoning market for loosely regulated shadow lending.

The Chinese central bank has started collecting data from the murky world of online financing, in which firms make