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Chinese regulators move to increase wealth management product transparency

Following an 8%, three-month surge in the value of wealth management products (WMPs) in China, financial regulator, the China Banking Regulatory Commission (CBRC), has revealed a new set of controls designed to increase transparency and reduce the risks associated with WMPs sold on the Mainland. Bringing China’s regulations further in line with those in Hong Kong and Singapore, the CBRC…

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