News Headline Summary

Fitch says China shadow banking system is concern for rating

Says

- The increase in the shadow banking system , off-balance sheet products and wealth management products is a concern for China's sovereign credit rating. Also noted payment problems associated with wealth management products and lack of transparency over the underlying assets. However, Fitch also said it does not expect a serious financial instability from the issue to be a negative driver for ratings.

08 Jan 2013 - 04:19 - - Source: Newswires

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