These Are China's Shadow-Lending Hotspots
- Highest concentration of shadow loans is in Liaoning: UBS
- UBS’s Jason Bedford analyzed 237 Chinese banks for report
Liaoning Is China's Shadow-Banking Hotbed
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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 their total lending in 2016, according to estimates provided to Bloomberg by UBS analyst Jason Bedford.