EFTA Document EFTA01452332

I 'nth pcmthsion of Bloomberg Finamc • PBoC has significantly tightened money market rates to curb shadow banking and asset speculation Shanghai interbank offered rate fixing -1 month perm halm of nloomberg Financc I P • The recent headlines on bad loans in China's shadow banking industry have raised concerns of a systemic event China's trust industry has relatively high risk shadow banking products given the liquidity risks. These products have seen rapid growth since 2010, reaching