Beijing can't afford to rein in the shadow financing system

According to mainland media reports, Beijing has set this year's quota for new bank loans at nine trillion yuan (HK$11.11 trillion).

Now, nine trillion yuan sounds like a lot of money. Certainly it's more than the 8.2 trillion yuan in new local currency loans Chinese banks made last year.

via Business feed http://www.scmp.com/business/article/1134686/beijing-cant-afford-rein-shadow-financing-system