The burgeoning shadow finance sector is shaping up as the next battleground for regulators, whose crackdown on banks threatens to spur a surge in potentially risky lending by non-banks to apartment buyers and developers.
While still in its infancy, the unregulated industry is experiencing a surge in growth that is expected to continue as the squeeze on regulated banks intensifies.
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Su-Lin Tan reported on housing, commercial real estate and property finance. She also covered China and Asian business, trade and politics. Connect with Su-Lin on Twitter. Email Su-Lin at stan@afr.com.au
