China's financial regulators are notching more victories in their campaign to rein in opaque and risky lending practices, reports online news service Caixin. The country's eighth-largest bank by assets, China CITIC Bank, has suspended the part of its business known as "fake equity real debt," several employees told Caixin. This is a practice that involves disguising loans to risky borrowers, such as local government financing vehicles and property developers, by making them appear as equity investments. Writing in The Globe and Mail, Carolyn Wilkins, the senior deputy governor of the Bank of Canada and Gerry Gaetz, the president of Payments Canada, have announced the ended of a two part experiment into use of distributed ledger technology as it might be applied to the Canadian central bank's roles. It demonstrated that it's indeed possible to settle wholesale payments on a distributed ledger. "Our work also found that such a system could meet some, but not all, of the core international principles for financial market infrastructure," they said.