MARKETS_ Strains Emerge in China’s $3 Trillion Financing Market

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MARKETS

Strains Emerge in China’s $3 Trillion Financing Market

Some indebted borrowers are running into trouble due to a cooling housing market and slowing economy

Photo:
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July 11, 2019 5:30 am ET

Risky borrowers are running into trouble in China and that is putting pressure on trust companies, an important corner of the country’s shadow-banking system.

The fear is that this could further reduce the credit available for private businesses, acting as a drag on an economy whose growth is already slowing. Lightly regulated trust companies have been critical lenders for these firms, as traditional banks deal mostly with favored state-owned enterprises. These problems could also bounce back on many small investors.

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READ MORE: https://www.wsj.com/articles/strains-emerge-in-chinas-3-trillion-financing-market-11562837403

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