Under Chinese regulators’ drive to stamp out shadow banking activities, mainland banks saw a significant slump in new wealth management product (WMP) issuances in the year of 2017, according to the latest data released by the China Banking Wealth Management Registration & Depository Centre. The centre was set up under the direct edict of the Ministry of Finance and the…
China WMP slump under government deleverage drive
6 February 2018

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