Case File
efta-01452332DOJ Data Set 10OtherEFTA01452332
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Unknown
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DOJ Data Set 10
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efta-01452332
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I
'nth pcmthsion of Bloomberg Finamc
•
PBoC has significantly tightened money market rates to curb shadow banking and asset
speculation
Shanghai interbank offered rate fixing -1 month
perm halm of nloomberg Financc I P
•
The recent headlines on bad loans in China's shadow banking industry have raised concerns
of a systemic event
China's trust industry has relatively high risk shadow banking products given the liquidity risks.
These products have seen rapid growth since 2010, reaching Rmb1O.1 to as of 3Q13 with a 2010-
3Q13 CAGR of 55%.
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0 109281
CONFIDENTIAL
SDNY_GM_00255465
EFTA01452332
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