"China's shadow banking activities do exist. But generally speaking, they are under control. However, so far we do not have a clear definition of shadow banking. The authority should define the term as fast as they can, to calculate the scale."
Jiang Jianqing, deputy to the National People's Congress (NPC) and chairman of the Industrial and Commercial Bank of China, the world's largest bank by market capitalization, speaking Tuesday before the NPC opening.