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The $70 Trillion Shadow Banking Industry 2/14/14 (Business)

  • Uploaded 4 years ago in the category News and Politics

    Published on Feb 14, 2014

    PROVIDED BY CNNNEXT.COM

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    ) -- Chinese investors poured funds into trust

    ...

    Published on Feb 14, 2014

    PROVIDED BY CNNNEXT.COM

    LIKE US FACEBOOK.COM/CNNNEXT

    ) -- Chinese investors poured funds into trust products last year, boosting such assets to a record $1.8 TRILLION.

    This comes less than a month after China averted its first trust default in at least a decade.

    So does shadow banking, particularly in China and India, pose a threat to the global financial system? Rosalind Chin reports.

    (Source: Bloomberg)

  • # Business
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