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875 What are shadow banks and why are they struggling in China?

Tech Wire Asia
Aaron Raj @ Tech Wire Asia · 01/10/2024 21:35 EDT

What are shadow banks and why are they struggling in China?

Shadow banks are financial institutions that provide services similar to traditional banks. China’s shadow banks focused specifically on the country’s real estate market. ZEG has filed for bankruptcy on the grounds that it is unable to pay its debts. Shadow banks are financial institutions that provide services similar to traditional banks. Those services includes lending,... Read more »

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