Beijing urged to take quick action on shadow banking

Mainland regulators must take quick action to stop the so-called shadow banking problem from snowballing, which has emerged as one of the top threats to the nation's financial stability this year, analysts warn.

Market participants have grown increasingly concerned in the past few months about shadow banking after a bank scandal in Shanghai caused public jitters.

via Business feed http://www.scmp.com/business/banking-finance/article/1138188/beijing-urged-take-quick-action-shadow-banking