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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