China’s equity slump is beginning to take its toll on the country’s shadow financing system, responsible for much of the margin lending that had fuelled the bull market. Underground lenders — one of the least regulated parts of China’s informal banking system — reported a sharp rise in bad debt from consumer credit and margin loans in June as equity prices headed south.
中國股市下跌開始傷及國內影子金融體系。之前助推牛市的保證金貸款，很大一部分是由影子金融體系提供的。隨著股價的下跌，地下錢莊6月出現了消費信貸和保證金貸款壞賬的急劇增加。地下錢莊是中國非正規銀行體系中受監管程度最低的部門之一。
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