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CBRC sets sights on RMB 3 trillion WM market as top reform mission


The Chinese Banking Regulatory Commission has singled out China’s RMB 3 trillion wealth management market as its top priority for reform in the coming year. The regulator will focus on directing banks to phase out wealth management products that do not meet regulatory demands and to set up more detailed rules to spell out the CBRC’s full expectation as set…

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