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Home > Country profiles > China > Articles > Article detail



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Shadow Banking Cases Threaten to Overwhelm China's Courts

Thursday, 12th June 2015

&quot;Many bankers and economists have been looking at shadow banking in China. But what happens when debtors fail to pay their debts or challenge the lending arrangements?&nbsp; When parties to shadow lending end up in dispute resolution, it raises unique issues for the institutions that hear those cases.<p style="margin: 0px 0px 1em; color: #333333; font-family: georgia, serif; font-size: 16px; line-height: 20px">What few outside of China have noticed is that shadow lending disputes account for an increasingly large proportion of civil cases in the Chinese courts and involve increasingly large amounts of money. The law on shadow lending is particularly unclear and fluid, causing uncertainty for debtors, lenders, and judges.</p><p style="margin: 0px 0px 1em; color: #333333; font-family: georgia, serif; font-size: 16px; line-height: 20px">Government recognition of internet lending and peer-to-peer (P2P) lending, now at an early stage, likely means that many more shadow lending disputes are destined for the already stressed court system.&quot;</p><p style="margin: 0px 0px 1em; color: #333333; font-family: georgia, serif; font-size: 16px; line-height: 20px">Read further: &nbsp;</p>


Web-link: http://thediplomat.com/2015/06/shadow-banking-cases-threaten-to-overwhelm-chinas...
Language: English
Contact: Susan Finder


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