One of the main worries over a slowing Chinese economy is the proliferation of its shadow banking industry, where non-bank lenders such as hedge funds and special investment vehicles grant loans to companies without regulatory oversight. It is feared that hidden debt levels and unrestrained risk taking may trigger a far-reaching crisis in a severe slowdown. In Singapore, two forms of unregulated shadow industries are thriving as well, one also related to alternative lending and the other of a very different kind. And we saw these past two weeks how both government action and inaction could fuel their growth further....
The post Rise of shadow industries in Singapore appeared first on Void Decker.
