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     BEIJING (MNI) - China shrank the scale of its so-called shadow banking
industry by CNY1.6 trillion in the last three years, as it reined in activities
such as wealth management and off-balance sheet transactions, Huang Hong, a vice
chairman of China Banking and Insurance Regulatory Commission, said at a press
conference on Monday. 
     China last year also took greater measures to reduce risks in the banking
industry and resolved about CNY2 trillion in non-performing loans, according to
the commission. The commission also promoted market-based debt-to-equity
conversion, which amounted to CNY1.4 trillion. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
--MNI London Bureau; +44 203 865 3829; email: jason.webb@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MI$$$$,MGQ$$$]