Reuters reveals waning trust: China shadow banks pivot away from property to survive – Reuters News Agency

Business & Finance

Reuters took readers on a deep dive into how for more than a decade, Chinese developers’ debt-fuelled construction boom enriched the country’s shadow banks, who were eager to capitalise on the needs of an industry desperate for credit and too risky for traditional lenders. Now, in the wake of a government clampdown on real estate firms’ debt binge, that credit demand has collapsed — and so too has the single biggest revenue stream for shadow banks, also known as trust firms.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & FinanceReal Estate

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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