Wu Xiaoling: Strengthening China’s financial industry in the process of opening up Speech by Ms Wu Xiaoling, Deputy Governor of the People’s Bank of China, at the Sino-US Economy and Trade Forum, Beijing, 14 February 2006.
A mutual fund that invests in real estate is a good example of this. Another example of sorts is the listed equity market. Share investors hold equity claims over  1  The term bank is used for simplicity, though in the Australian context this applies to authorised deposit-taking institutions, encompassing banks, building societies and credit unions.