Stocks ride roller coaster on rules

Market in a tizzy over proposed new guidance for wealth products

China's stock markets took a roller-coaster ride on Monday in response to last week's unified standards set by the central bank for asset and wealth management products across the financial sector.

Market mavens interpreted the draft regulation, which is still in the form of guidance awaiting stakeholder feedback, as the strictest rules to date aimed at reining in shadow bank financing and taming related risks.