People’s Republic of China: Knowledge Work on Shadow Banking - Trust Funds and Wealth Management Products

Date: May 2014
Document Type: Consultant's Reports

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This study focuses on the two segments that dominate PRC's shadow banking quantitatively and have raised the most concerns: trust funds and bank wealth-management products, which together amounted to CNY20.4 trillion or 35.8% of GDP at end-2013, up from CNY5.6 trillion in 2010. It is prepared by Nicholas Zhu and Jurgen Conrad for the Asian Development Bank.