China's 'shadow lenders' line pockets even as bourses bomb
SHANGHAI/BEIJING (Reuters) - China's vast network of "gray market" lenders have reaped big profits from lending money to individuals and companies to buy stocks, but as markets slump their customers face heavy losses after borrowing up to 10 times their starting capital. Global investors are increasingly worried about the scale of leverage in China's stock market, fearing the impact of a crash on the ordinary retail investors who dominate it could destabilize the world's second biggest economy j
Read more »