Tackling the shadow banking is huge task

Finance | Ed Zhang

A government document to regulate shadow banking, reported by the Chinese business media last week, has highlighted more than ever before the dilemma in China's financial system and a daunting task in its financial reform.

Some say this year will be a time of make-or-break for the country. One thing to watch will be Beijing's success or failure in reining in the risk in the country's financial system while allowing it to grow, diversify services and to expand to many countries - to follow in the footsteps of Chinese investors in the world.