Text messages in China start cycle that sees funds enter shadow banking

One message read: "China Merchants Bank will issue a high interest financing product starting from June 28 to 30. The product will be 90 days with a 5.5 per cent interest rate. Please call us now."

via Business feed http://www.scmp.com/business/banking-finance/article/1274203/text-messages-china-start-cycle-sees-funds-enter-shadow