Ex-PBoC staffer leaps to defend shadow banks
Joe Zhang, now chairman of Wansui Micro Credit Company, says they are in better shape than many mainstream banks and provide a much-needed social service.
A shadow banker and former central bank staffer has jumped to the defence of China's rich tapestry of non-bank lenders, claiming they're in better shape than the nation's mainstream banks and better placed to make safe loans.
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