China\'s first investigation of its underground financial market, officially released on 5 January, looks at the effect of the 800 billion yuan (US$99.1 billion) in the by underground credit system.The study estimated the size of China\'s underground credit system at between 741 billion and 816 billion yuan, with 90%, or between 600 and 700 billion yuan, invested in private capital like securities and futures.The orthodox financial system generally provides insufficient support for China\'s small businesses, so they often turn to alternative means of getting financing. According to The Beijing News, around 1/3 of financing for small- to mid-sized private enterprises comes through unorthodox channels; less than 50% of loans in rural areas are obtained through the established credit and

You are currently reading 126 words of 382 total words in this article.
To continue reading this article, you must be a subscriber. Log in now..

Finish this article for free.
@2017 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate