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China ‘Shadow Banks’ Crushed As Liquidity Costs Hit Record High
zerohedge.com / by Tyler Durden / Mar 22, 2017
During the so-called Chinese Banking Liquidity Crisis of 2013, the relative cost of funds for non-bank institutions spiked to 100bps. So, the fact that the ‘shadow banking’ liquidity premium has exploded to almost 250 points – by far a record – in the last few days should indicate just how stressed Chinese money markets are.
While interbank borrowing rates have climbed across the board, the surge has been unusually steep for non-bank institutions, including securities companies and investment firms. They’re now paying what amounts to a record premium for short-term funds relative to large Chinese banks, according to data compiled by Bloomberg.
The post China ‘Shadow Banks’ Crushed As Liquidity Costs Hit Record High appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/03/23/china-shadow-banks-crushed-as-liquidity-costs-hit-record-high/
