Short-term economic growth have a negative impact

In the short term, may increase the uncertainty in our economy, is embodied in the following two aspects: one is the possible negative influence on the short-term economic growth.The past for a period of time, local government financing platform and the real estate industry have quite a number of financing through shadow Banks,ASME Carbon Steel Welding Neck Flange to implement relevant policies could affect the supply was acquired, by reducing the growth of investment in fixed assets to short-term economic growth have a negative impact.Secondly, the credit default event probability rise.Comprehensively strengthen the banking, securities, insurance, trust, small loan companies and related business financing guarantee companies and other financial institutions in the field of regulation, after previously hidden problems likely to be exposed.

International shadow banking was first made by us investment banker Paul McCulley is put forward in 2007, it is characteristic of high leverage and low transparency structured finance market.After the outbreak of the financial crisis in 2008,large diameter steel pipe low pressure fluid linepipe the group of 20 (G20) of the financial stability board (FSB) of this definition and scope of stricter definition.FSB shadow banking system is defined as "traditional the credit intermediary institutions outside the banking system and credit intermediary activities", it covers all other than the Banks and insurance companies engaged in credit intermediary activities of financial institutions, mainly include money market funds, trust companies, financial companies, structured investment vehicles, government financial support platform (such as fannie mae and Freddie MAC) in the United States, financial guarantees and leasing companies, consumer loan companies, in addition to engage in equity and currency trading hedge funds and investment Banks.

According to statistics, in 2002, the main developed countries shadow banking $22 trillion, before the crisis ballooned to about $60 trillion in 2007, total assets of about $90 trillion when the traditional banking system.The rapid expansion of shadow banking, the global financial crisis for later buried the hidden trouble.After the crisis,Hot rolled carbon steel seamless pipe the global shadow Banks to about $50 trillion, but then the global easing monetary policy, making the current shadow Banks scale expansion, again at the beginning of 2012 has been restored to $67 trillion, the size of the is higher than before the crisis.

How much shadow Banks

Shadow banking refers to free from the banking supervision system, could trigger a systemic risk and regulatory arbitrage credit intermediary system.Performance for collections finance,ASME A106/A53 Black Steel Pipe and tube underground Banks, small loan companies, pawnshops, folk finance, private investment, hedge funds and other non-bank financial institutions loans.How much is the size of shadow banking?There is no a unified statistical caliber.The Chinese academy of social sciences published "China financial supervision report 2013" clear, even with the most narrow diameter,large diameter steel pipe low pressure fluid linepipe at the end of last year, China's shadow banking system is worth $14.6 trillion (based on official data) or $20.5 trillion (based on market data).The former accounted for 29% of GDP, accounting for 11% of the total banking assets, which accounted for 40% of GDP, accounting for 16% of the total banking assets.

State information center, ministry of economic forecasting, according to a report by the end of 2012,API x52 ERW Carbon Steel round Pipe manufacturers "may cause systemic risk and regulatory arbitrage," the special shadow banking overall size is about 11.68 trillion yuan, accounting for 51.3% of the generalized shadow Banks, 22.5% of GDP, accounting for 11.2% of the total assets of commercial Banks.

Essence securities estimates, by the end of 2012, the size of the shadow banking business in China in 7.1 trillion yuan to 21.9 trillion yuan between, partial neutral is estimated to be 10.8 trillion yuan.