The contraction of shadow banking activity in China is expected to moderate in the second half of the year, in a further sign of policy easing as Beijing seeks to boost economic growth.
Shadow banking, which refers to higher-risk non-bank financial products and lending, has been decreasing in China amid tighter regulation aimed at curbing runaway debt levels.
According to Moody’s, shadow banking assets as a share of China’s gross domestic product dropped to 73 per cent at the end of June, from 79 per cent 12 months earlier and a peak of 87 per cent in late 2016. That reflected a fall of Rmb2.7tn in the first six months of the year, to Rmb62.9tn.
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