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Are China’s WMP curbs a segue for WM maturity?

Investors’ obsession with chasing returns and an absence of discipline on the side of distributors have some watchers drawing parallels between China’s domestic wealth management market today and the environment faced by the global wealth management industry in the lead up to the 2008 crash. In China, however, local regulators are clamping down before similar major losses materialise. Those wealth…

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