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Tightened Regulation in China Slows Wealth Management Product Issuance

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Tightened Regulation in China Slows Wealth Management Product Issuance

The outstanding balance of wealth management products (WMPs) distributed by banks reached reached 30 trillion yuan as of April 2017, indicating 16.4-percent year-on-year growth, slower than the 23.6 percent in 2016 and 56.5 percent in 2015 according to a report by Moody’s Investors Service.

“The outstanding balance of wealth management products (WMPs) distributed by banks reached reached 30 trillion yuan as of April 2017.”

China Banking Regulatory Commission, has strengthened supervision of WMPs this year, requiring lenders to clearly disclose risks to investors.

News Source: China Daily





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