Chinese regulators’ new rules requiring banks to convert their shadow loans-based wealth management product (WMP) inventory into one with mark-to-market assets and reportable net asset values are putting banks’ investment management capabilities in the spotlight. To convert product inventory, banks need to break the guarantees they promised customers and deliver products with fluctuating net asset value. These are to be housed…
China’s WMP reforms put banks’ investment advisory skills in the spotlight
21 June 2018

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