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China banks hiding losses in 'opaque' receivables accounts

Banks are using trusts to lend and recording them as funds to be received

Hong Kong

CHINESE lenders are reacting to a regulatory crackdown on shadow financing by increasing activity in their more opaque receivables accounts, a practice Commerzbank AG estimates may result in losses of as much as 1 trillion yuan (S$216 billion) over five years.

Banks are...

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