World

Inside China's Underground Black Market Banks

Fishy finance

They front as phone vendors or tea shops, but China's multi-million-dollar underground banks boast high-flying patrons—gamblers, Communist Party bigwigs and the country's nouveau riche.

articles/2014/02/26/inside-china-s-underground-black-market-banks/140225-hong-underground-bank_myh7qk
Brent Lewin/Bloomberg, via Getty

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