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A question of trust.
- Source :
-
Economist . 5/10/2014, Vol. 411 Issue 8886, special section p13-15. 3p. 1 Color Photograph, 1 Graph. - Publication Year :
- 2014
-
Abstract
- The article focuses on the Chinese banking and capital market system and concerns about a potential financial crisis if Chinese companies start to default on loans. It states that the shadow bank China Credit Trust announced in January 2014 that a product based on loans to Zhenfu Energy (ZE) was on the verge of default and mentions a buyer acquired ZE's assets and allowed the principal to be repaid. It talks about steps Chinese financial regulators are taking to prevent a run on shadow banks.
Details
- Language :
- English
- ISSN :
- 00130613
- Volume :
- 411
- Issue :
- 8886
- Database :
- Academic Search Index
- Journal :
- Economist
- Publication Type :
- Periodical
- Accession number :
- 95976944