Outflowing 'mining' cash triggers concerns (3)

Other coal barons channeled their money to fields varying from cultural, property to rising industries, and even the financial sector.

An Jianxin, chief of the credit management department of Luliang People's Bank of China, said the bulk of capital flows into such sectors as microfinance, finance guarantee firms and rural banks for promising and secure returns.

Microfinance companies doubled to number 503 compared with the previous year with a registered capital of 23.7 billion yuan in Shanxi, An said, and the number of finance guarantee firms climbed to 223 with registered money of 9.7 billion yuan.

Cash has also been pumped in restructuring of rural banks. The Rural Commercial Bank (RCB) of Hejin City has five coal-involved shareholders' accounting for 9.5 percent of its 40 million yuan of equity, with the largest one having 12 million shares.

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