The term “shadow banking” is often used to conjure up this dark world.

“影子银行”一词常用以联系至这些阴暗面。

One obvious culprit is the shadow banking sector.

一个明显的罪魁祸首是影子银行部门。

Shadow banking is the issuance of credit by nontraditional players.

影子银行是非传统参与者发行的信贷。

So that's the story with shadow banking.

这就是影子银行的故事。

And that's kind of the point about talking about shadow banking, right?

这就是谈论影子银行的重点， 对吧？

But shadow banking is a very big risk in real life to the economy.

但影子银行在现实生活中对经济来说是一个非常大的风险。

Private credit is one big growing part of shadow banking, but it's not the only part [MUSIC PLAYING] and it's certainly not the biggest part.

私人信贷是影子银行不断增长的一个重要组成部分，但它不是唯一的部分[音乐播放]， 当然也不是最大的部分。

Shadow banking is like — and a lot of people have said this — it's a really amorphous, broad term that includes a bunch of stuff that doesn't share characteristics.

影子银行就像——很多人都这么说过——它是一个非常无定形的、宽泛的术语，包括一堆没有共同特征的东西。