# Shadow Banking
Latest news and articles about Shadow Banking
Total: 6 articles found
The AI Monoculture: Nobel Laureate Eric Maskin Warns of Algorithmic Financial Contagion
Nobel economist Eric Maskin warns that AI-driven trading and shadow banking leverage are creating a systemic financial bubble. He calls for independent safety testing and expanded regulation while highlighting AI's role in helping China manage its demographic challenges.
Shadow Interest: How Chinese Fintech Platforms Are Bypassing Lending Caps with 'Fee Splitting'
An investigation into the lending platform Yixianghua has exposed how 'fee splitting' allows lenders to charge annual rates exceeding 40%, far above the 24% legal limit. New regulations arriving in August 2026 aim to eliminate these hidden costs and protect consumer rights.
The High Cost of Free-Wheeling: How China’s Bike-Sharing Giant Hello Inc. Became a Predatory Lender
Hello Inc., China’s prominent bike-sharing platform, is facing public backlash for its lending service 'Zhenyouqian,' which allegedly uses hidden fees to charge interest rates exceeding 36%. By burying 23 different agreements in its app, the company has transformed its massive user base into a target for high-margin, predatory financial products.
Justice for the Jilted: Life Sentence in China’s 31-Billion-Yuan Fundraising Scandal
Liu Bian, head of China Strategic Huaxin Group, has been sentenced to life in prison for orchestrating a 31.4 billion yuan illegal fundraising scheme. The Changsha court found that the group defrauded investors through fabricated projects, resulting in over 6.1 billion yuan in unrecovered losses.
The Shadow Within: Greentown China Faces Allegations of Systematic Fraud and Illicit Lending
Greentown China is embroiled in a major scandal involving allegations of systemic fraud and the operation of an illicit 10-billion RMB shadow banking network. Local partners claim Greentown executives used shell companies to misappropriate listed funds for high-interest lending, leading to project failures across multiple provinces.
The Price of Spite: Why Iran is Bombing Its Own Shadow Treasury in the UAE
Recent missile strikes in the UAE have exposed a bizarre paradox where Iran is damaging the very financial infrastructure it uses to evade sanctions. While Dubai faces a repricing of its 'safe haven' status, the conflict highlights the resilience of digital assets and the complex challenges facing rival hubs like Hong Kong.