摘要
by ZHANG MIN Issued at the start of the year, the setof State Council guidelines calledDocument No. 107 has already sentshockwaves through China＇s financial and banking systems. The document aims to address issues relating to shadow banking. While acknowledging the positive aspects of the shadow banking system＇s role, Document No. 107 pledges to eliminate the risks associated with shadow banking resulting from factors such as ineffective management and arbitrary application of regulations, so as to lead it to develop in a healthy way.
