Regulation of WMPs to tighten
By Jiang Xueqing | China Daily | Updated: 2016-07-30 07:43
CBRC move designed to rein in risks to the financial sector
The banking regulator is set to tighten its control on wealth management products, in order to rein in risks to the banking sector.
The China Banking Regulatory Commission recently issued a new draft of regulations on the wealth management business of commercial banks to solicit opinions.
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