Winning the War to Rein in China's Wealth Management Products

July 18, 2019 | BY

Marilyn Romero

Reducing the risks posed by China's $4 trillion wealth management products sector is a key objective for regulators, but it needs to be at a pace that exposed banks can weather.

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renminbi bank notes

At the beginning of July this year, the China Banking and Insurance Regulatory Commission, or CBIRC, announced that it is planning to further tighten rules on the country's huge wealth