China’s Bank-Centric Shadow Banking System (Peterson Institute for International Economics)

05.05.2013 17:15

https://www.piie.com/blogs/china/?p=2515

Part of the problem with tracking the development of shadow banking in China is that there is no commonly accepted definition of what constitutes shadow banking. The closest thing we have to an official definition is from the Financial Stability Board (FSB), which was tasked by the G-20 to monitor and propose reforms to the global shadow banking system. The FSB’s Global Shadow Banking Monitoring Report defines shadow banking as “credit intermediation involving entities and activities outside the regular banking system.”