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Shadow banking drives the success on paper of China’s best-performing bank

2 months ago
Sky Canaves
he Bank of Tangshan, based in a struggling industrial city, reported the fastest growth among China's 156 financial institutions and the smallest proportion of bad loans at 0.06 percent. "It's a mirage built upon risks," says one analyst.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.