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Everbright Bank launches ‘industry’s first’ compliant WMP

China Everbright Bank has launched what it claims is the Chinese banking industry’s first wealth management product (WMP) that meets the requirements that regulators have set out in the new rules for asset management, raising RMB 2.4 billion for the product that comes with the elusive net asset value that regulators want. Everbright is no longer offering a guaranteed return…

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