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06

These Are China’s Shadow-Lending Hotspots

By Tony Seruga

Highest concentration of shadow loans is in Liaoning: UBS
UBS’s Jason Bedford analyzed 237 Chinese banks for report

The highest concentration of shadow loans in China is to be found in its slowest-growing province, a study by UBS Group AG shows.

The value of shadow loans extended by regional banks in Liaoning, in the northeastern rust-belt region, amounted to 95 percent of total lending in 2016, according to estimates provided to Bloomberg by UBS analyst Jason Bedford.

Lenders in Liaoning have turned to informal banking arrangements to help them get around rules that restrict them from making traditional loans outside their home province. Shadow banking products allow them to invest in loans extended by banks in more prosperous regions to higher-quality borrowers…

These Are China’s Shadow-Lending Hotspots

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