Small protests popping up outside banks and government offices around China in recent days have cast a spotlight on shadow lending, a sector providing important alternative financing channels for small firms shut out of regular bank loans.
On Tuesday, a group of investors in the city of Chengdu, in Sichuan province, held a demonstration in front of local government buildings after one of the biggest credit-guarantee companies in Sichuan failed to step in and cover loans to small firms it had insured.
A day earlier, investors staged protests outsideIndustrial & Commercial Bank of China Ltd. branches in Guangzhou and Shanghai. The investors, which numbered a few dozen, had been told they would need to wait at least another 15 months to get the payout on a trust-company product sold at the bank. They wanted the lender to step in to ensure payment.
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