Finews Asia: China No Longer Sustained By Shadow Banking Model
March 31, 2020
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The opportunity in China for asset managers and private banks is structural rather than tactical, so it should withstand the Covid-19 crisis. China's economy is shifting gears and can no longer be sustained by the shadow banking model. The regulator sees the need to move away from shadow banking credit towards better-priced capital.
Japser Yip, a principal in the financial services practice at Oliver Wyman in Hong Kong, talks about the opening of the China onshore market would be a tipping point for global players.
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