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China markets reel as banks unwind US$1.7t in shadow funds
Published Tue, Apr 25, 2017 · 09:50 PM
Shanghai
A US$1.7 trillion source of inflows into Chinese markets has suddenly switched into reverse, roiling the nation's money management industry and sending local bonds and stocks to their biggest losses of the year.
The turbulence has centred on so-called entrusted investments - funds that Chinese banks farm out to external asset managers. After years of funnellin…
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