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Fitch: China's Shadow Financing Under.........>

CHINA
CHINA: Fitch: China's Shadow Financing Under Pressure
- Fitch Ratings expects assets that the shadow-financing system in China
finances to come under greater pressure as the coronavirus pandemic takes its
toll on private companies' ability to generate cash flow. Higher corporate
defaults and asset impairments will also expose asset managers that engage in
shadow financing to greater contingent liability risks in light of an untested
legal framework.
- Link: https://tinyurl.com/ybcc2f54
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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