Wenzhou launches private lending index

China’s entrepreneurial hub of Wenzhou has launched its own index to track private lending, with China seeking to provide greater transparency in a city known for its shadow-banking practices, the Shanghai Securities News said on Saturday.

The Wenzhou Index, released by the Wenzhou Municipal Government Finance Office, will be updated weekly and will complement a similar index announced by the central bank in May, the official newspaper reported.

via Business feed http://www.scmp.com/business/banking-finance/article/1100696/wenzhou-launches-private-lending-index