📄 Extracted Text (170 words)
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MOM Curncy (1150-Oill Cross Rate) Daily 01JAN2009-22JAN2014 Copyrighil 2014 Bloomberg Finance L.P.
22-.3ae-2014 17:09:40
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• PBoC has significantly tightened money market rates to curb shadow banking and asset
speculation
Shan•hai interbank offered rate fixing - 1 month
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SHIF1M Index (Shanghai Interbank Offered Rate Fixing - 1 Month) Daily 293AN2009
Copyright::: 2014 Bloomberg Cinarce L.P. 28-Jan-2014 17:5S:51
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• 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 Rmb10.1 to as of 3Q13 with a 2010-
3Q13 CAGR of 55%.
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 109288
CONFIDENTIAL SDNY_GM_00255472
EFTA01452337
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