“The size of the shadow banking system grew to 46 trillion RMB ($7.5 trillion) in 2013, and was driven by trust products and wealth management products, which maintained 10.9 and 10.24 trillion RMB in assets under management, respectively. Bankers’ acceptance bills hit 8.94 trillion RMB in assets under management in 2013, while entrusted loans stood at 8.2 trillion. Shadow banking is reflected to some degree in total social financing (it is understated but representative), which is a measure that includes bank loans, trust loans, entrusted loans, and other financial instruments.”
