According to market sources, total assets managed by the shadow banking system have risen exponentially since 2009, totaling ¥14 trillion, or one-third of GDP, in the third quarter of 2012. With relatively slow growth, corporate profitability, upon which the returns of the shadow banking system’s asset pools are based, is low and falling.
根据市场消息指出，由影子银行系统管理的总资产自2009年起已经以指数方式增长，至2012年第三季度已达14万亿元，相当于GDP的三分之一。由于增长相对缓慢，公司的利润率——这是影子银行系统资产池的收益来源——很低且一直在下降。那么影子银行系统提供的金融产品的高回报又从何而来呢?