Slowdown in property, manufacturing help curb China's risky 'shadow banking'

Shanghai

A BID by China to rein in its 'shadow banking' activity is producing results, thanks to slowing economic growth and tighter regulation.

But some success for a policy drive to curb risky lending is not all good news for Beijing, as smaller companies may face even bigger struggles to find funding. A cut in interest rates, announced by Beijing on Friday, is unlikely to help them much.