Original title: Moody’s: China’s shadow banking activities continue to weaken
MoodyinvestmentPersonservicethe company4th releasereportSaid that although China has adopted easing measures in the first three quarters of 2020currencyPolicies to support economic recovery after the epidemic, but because the Chinese government still focuses on controlling risks in the financial system, the shadowbankThe overall downward trend in activities continues.
According to the latest “China Shadow” released by the research team composed of the Policy Research Bureau of the China BankingbankReport, China’s Broad ShadowbankMainly include: interbank specific purpose carrier investment,Entrusted Loan,fundsTrust, Trust loan, bankFinancial management, Non-stockPublic offeringfund, Securities Industry Asset Management,InsuranceAsset management, asset securitization, non-equity private equity funds, networkborrowLoans provided by P2P institutions, financial leasing companies, and small loan companies,businessFactoringCorporate factoring and financingguaranteeThe company’s insurance business, consumer loans issued by non-licensed institutions, and local exchangesClaimsFinancing plan and structured financingproduct。
MoodyAccording to the report, following China’s ongoing measures to resolve risks in the financial system in 2019, the overallShadow bankAfter the decline in assets, related assets increased by 700 billion yuan in the first three quarters of 2020RMBThe growth of shadow banking assets is mainly driven by asset management products and undiscounted bank acceptance bills.Moodyvice presidentLi Xiujun said: “Shadow banking assets account for China’s nominal assets in the first three quarters of 2020.GDPThe main reason is that China’s economic growth rate has quickly recovered from the new crown epidemic. “
During the same period, other core shadow banking activities, including trust loans and entrusted loans, are still in a contraction trend, and the interconnection between banks and non-bank financial institutions has also declined. Moody’s said that by the end of the third quarter of 2020, Chinacommercial BankThe net debt balance to non-bank financial institutions fell to the lowest level since 2016.
(Editor in charge: DF070)
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