China's spate of shadow banking defaults has spurred concerns over the credit worthiness of the entire segment, but some players appear to be prospering.
"We have not lost even one dime," said Raymond Ting, executive director of Hong Kong-listed Credit China. "We will always get our principal and interest back eventually."
Shadow banking, or high-yield lending that largely takes place off banks' balance sheets, has come under scrutiny for its association with trust and wealth management products which invested in risky assets, some of which have no revenue.
But Ting said his business is thriving, because in some ways, shadow bankers resemble loan sharks.
"We charge very high interest" for loans of short duration, he said. Credit China typically charges 3-3.5 percent a month to lend funds for three to six months.