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China’s securities regulator wants wealth managers to invest in commodities

The China Securities Regulatory Commission (CSRC) wants wealth management firms to invest in commodities in order to promote the domestic derivatives market and the development of the country’s wealth management sector, according to Fang Xinghai, vice chairman of the CSRC. Although securities and futures companies have developed derivatives-based products for commodities investors, the overall size of the market remains small,…

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