“驯化”影子银行

Domesticate the Shadow Banks

当影子银行偏离了为实体经济服务的轨道时，它就会制造出大量的经济泡沫。但只要影子银行机构在有限的杠杆率之下操作，就应对它们采取容忍态度。

When the shadow banks get off the track of serving the real economy,they would create massive economic bubble.However,the attitude of tolerance should be taken only if the shadow banks operate under the limited leverage ratio.