BEIJING, March 27 China's central bank pledged
on Thursday to improve its monitoring of the shadow banking
sector, as part of an effort to make its data on bank credit and
interest rates more accurate.
The central bank will improve its data to better reflect the
rise of off-balance sheet financing, such as trusts, money
market funds and other innovative products, vice central bank
head Pan Gongsheng said in remarks published on the bank's
He did not elaborate.
The government has been trying to rein in the shadow banking
sector, which has grown rapidly in China since 2010, when banks
began running up against limits on expanding loans through
The People's Bank of China will also improve its statistical
methods for data on bank deposits, lending rates and bond
markets and improve its money supply data, Pan said without
giving further details.
(Reporting by Kevin Yao; Editing by Jonathan Standing & Kim