It looked like shadow finance was on the wane.

影子金融看上去正在走下坡路。

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A lot of this had to do with the "shadow finance" industry of non-bank institutions and lenders, and the structured products (such as CDOs and CLOs) it created.

“影子金融”产业是由非银行机构和贷款人共同构成，大量上述交易在此进行，同时交易的还有该产业创造的结构性产品(如债务抵押债券CDOs和贷款抵押债券CLOs等)。

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But Proposition 13 cast its shadow far beyond finance.

但是第13号提案产生的阴影远超财政。

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For the Conservatives, shadow finance minister Paul Davies said the report should "ring alarm bells".

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