Note(s): We collect undiscounted bank acceptance drafts, inter-bank quasi-loans from the PBOC and Wind database and manually collect in-balance sheet funds, off-balance sheet funds from the PCOB, ChinaBond website and Shanghai Clearing House. Followed by Sun (2019), the measurement of shadow banking activities can be obtained by the following items. On the liability side, the undiscounted bank acceptance draft has been disclosed by the PBOC since 2015. The inter-bank quasi-loans are calculated by the difference of claims on other depository corporations and the liabilities to other depository corporations, because if banks want to bypass the regulation through shadow banking activities, one bank will record interbank claims and the other bank does not. The PBOC also discloses monthly data on “Equity and Other Investments” in the RMB Credit Funds Table of Financial Institutions, which provides the data related to in-balance sheet funds. The Banking Wealth Management Registration and Custody Center has been regularly publishing the China Banking Wealth Management Market Annual Report on the China Wealth Management Net, providing data on banking wealth management products

Source(s): The table is created by authors