News Headline Summary

Moody's says China shadow banking weighs on bank's credit profiles

Says:
- China's latest regulatory steps to tighten controls on wealth management products part of China shadow banking market, are credit positive for banks.
- China shadow banking poses systematic risks.
- China shadow banking has grew 67% over past 2 years and has a size of CNY 29trl as of end-2012.
- China shadow bank growth may slow to about 20% this year and may slow on tighter rules.

13 May 2013 - 07:33 - - Source: Newswires

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