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Foreign asset managers to benefit from decline in China’s WMPs

Foreign asset managers will benefit from the slowdown of China’s wealth management product (WMPs) industry amid moves made by the government to deleverage, according to consultancy firm Oliver Wyman. The consultancy said that the asset management landscape in China is shifting away from ‘quasi’ towards ‘professional’ asset managers (AMs). The ‘professional’ AMs are most likely to become one of the main…

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