Norobiik @[email protected]Feb 18, 2024

The troubles at #SichuanTrust are a microcosm of the strain spreading through #China’s £2.3tn #TrustIndustry as an #EconomicDownturn, combined with tighter government regulation, risks torpedoing a major part of the #ShadowBanking industry that has filled the gaps left by traditional financial institutions. #PropertyMarketCrisis #zhongzhi

‘It’s legalised robbery’: anger grows at China’s struggling #ShadowBanks

https://www.theguardian.com/business/2024/feb/18/anger-grows-at-china-struggling-shadow-banks

Back toot: https://noc.social/@Norobiik/111720687963075543

‘It’s legalised robbery’: anger grows at China’s struggling shadow banks

Investors in one of the country’s ailing financial trusts have realised that the state may no longer always protect them

The Guardian
Jude JacksonFeb 13, 2024

The rapid rise in lending by banks to shadow banks is causing concern among financial regulators.

In a sign of growing instability, loans to US shadow banks pass $1 trillion - World Socialist Web Site

#FinancialCrisis #BankingCrisis #ShadowBanks

https://www.wsws.org/en/articles/2024/02/13/yhge-f13.html

In a sign of growing instability, loans to US shadow banks pass $1 trillion

The rapid rise in lending by banks to shadow banks is causing concern among financial regulators because numerous reports have made clear very little is known of their connections.

World Socialist Web Site
acemaxxFeb 11, 2024
The size of #shadow #banking system has been falling since #Chinese Govt has been trying to get control over it. It is now ~18 trn Yuan which is ~$2.5 trn. But almost half of the funding for #ShadowBanks comes from the regular #Chinese commercial banks, chart @JPMorganAM
acemaxxOct 1, 2023
#Regulators turn up heat on #ShadowBanks after market blow-ups ---
Policymakers tackle unintended consequences of post-financial crisis reforms in era of high interest rates, chart @FT https://tinyurl.com/5f7n4nuf
Regulators turn up heat on shadow banks after market blow-ups

Policymakers tackle unintended consequences of post-financial crisis reforms in era of high interest rates

Financial Times
El Club De Los Físicos MuertosSep 22, 2023
http://bit.ly/3rmY8rW
On #Twitter I started talking about #ShadowBanks during 2008 financial crisis
When I found out that Chinese #ShadowBank sector was worth uS$ 3 trillions, my jaw almost fell to the floor.
There is the money of the Chinese who has been told that she/he should save for his old age instead of spending it on having children
That money is not guaranteed by the People's Republic of China
I told u that this will have repercussions, it didn't take them long to agree with me.
Real Estate Crisis Triggers New Alarms Over China’s Shadow Banks

A financially troubled firm has stopped paying investors, risking panic and testing the Chinese government’s resolve to take on debts from its property crisis.

The New York Times
acemaxxJun 11, 2023
#ShadowBanks account for the half of the world’s assets and pose growing risks, chart @barronsonline bit.ly/3J7ITIT
Show threadacemaxxMay 24, 2023
Luis de Guindos, #ECB VP: non-banks had grown rapidly in the past decade, providing 26% of credit to non-financial companies in the eurozone last year, up from 15% in 2008. The total assets of eurozone #shadowbanks had more than doubled in the past 14y to €31trn.
acemaxxMay 24, 2023
#ECB is concerned about risks from #ShadowBanks – The Interconnectedness b/w the #banking and the non-bank financial sector remains high, chart @FT https://cutt.ly/CwqhzpWS
Rising shadow bank risks expose ‘insufficient’ EU rules, warns ECB

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Financial Times
acemaxxApr 5, 2023
#ShadowBanks ‘ vulnerabilities appear to have increased in the past decade – stress is also brought on by liquidity mismatches, chart @IMFNews https://cutt.ly/r7is235
Nonbank Financial Sector Vulnerabilities Surface as Financial Conditions Tighten

NBFIs have emerged as key players in the financial sector, and global financial stability could hinge on their resilience as policy is tightened to tackle high inflation

IMF
acemaxxApr 3, 2023
#ShadowBanks could yet cause trouble - concerns about commercial #realestate will start to expose other vulnerabilities in the financial system, chart @RanaForoohar op-ed @FT https://cutt.ly/w7qXtRx
Shadow banks could yet cause trouble

Concerns about commercial real estate will start to expose other vulnerabilities in the financial system

Financial Times