New research employing advanced machine learning techniques reveals that China's collateral monetary policy has significantly stimulated shadow banking growth while increasing bank risks. The study finds this policy creates liquidity distribution distortions, with non-primary banks being particularly vulnerable. Importantly, the 2018 New Asset Management Regulation effectively mitigated these effects, demonstrating the value of targeted regulatory interventions.

A Curtin University-led international study has solved the mystery of how the skin of a fossilised fish was able to be preserved for 52 million years, extending our understanding of how even the most delicate of biological material can survive deep time.