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Why China’s pending WMP curbs bode well for the industry

While investors have been tracking China’s equities plunge following fears that authorities will move to further regulate the wealth management products (WMPs) market, there are likely to be deeper, long-term implications for an industry still finding its feet. When rumours surfaced yesterday that the China Banking Regulatory Commission (CBRC) is on the cusp of imposing stricter WMP restrictions, markets were sent…

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