{"id":12132,"date":"2012-11-24T20:52:18","date_gmt":"2012-11-24T20:52:18","guid":{"rendered":"https:\/\/www.sisinternational.com\/understanding-chinas-shadow-banking-system\/"},"modified":"2025-09-16T21:51:25","modified_gmt":"2025-09-17T01:51:25","slug":"%e4%ba%86%e8%a7%a3%e4%b8%ad%e5%9b%bd%e5%bd%b1%e5%ad%90%e9%93%b6%e8%a1%8c%e4%bd%93%e7%b3%bb","status":"publish","type":"post","link":"https:\/\/www.sisinternational.com\/zh\/understanding-chinas-shadow-banking-system\/","title":{"rendered":"\u4e86\u89e3\u4e2d\u56fd\u5f71\u5b50\u94f6\u884c\u4f53\u7cfb"},"content":{"rendered":"
\"SIS<\/figure>\n\n\n\n

<\/p>\n\n\n

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The unregulated and decentralized interconnected underground economy that comprises the shadow banking system have proven difficult for foreign analysts and observers to pin down. The sheer size of the system indicates that it is interconnected with China\u2019s economy. Shadow banks issue an estimated 14.5 trillion renminbi in loans, roughly 25% of all the loans made in China by the traditional banking institutions.<\/p>\n

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\u5f53\u94fa<\/h2>\n

Pawnshops are prevalent in China, with over 4,000 operating across the country. Pawnshops have become a problem because they accept any sort of collateral for their short-term loans including financial securities like stocks and bonds, and even real estate property. If China\u2019s property market deteriorates, pawnshops will be left with defaulted loans that are backed by collateral that have less value on the market.<\/p>\n

\u62c5\u4fdd\u4eba<\/h2>\n

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\u5730\u4e0b\u94b1\u5e84<\/h2>\n

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\u653f\u5e9c\u884c\u52a8<\/h2>\n

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\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

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