Deposits at China's Big Four banks have dropped by 420B yuan ($66B) since the end of Aug. as...

|By:, SA News Editor

Deposits at China's Big Four banks have dropped by 420B yuan ($66B) since the end of Aug. as customers move money into private-lending markets, where they enjoy rates up to 10x the benchmark. China's tighter lending policies are forcing smaller businesses to borrow on secondary markets.