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Slower wealth management product growth seen in China amid tighter regulations

The growth of China’s off-balance-sheet wealth management products (WMPs) market has slowed due to regulations aimed at managing risks in the financial industry, according to a report by Moody’s Investors Service. The outstanding balance of WMPs issued or distributed by banks reached RMB30 trillion (USD4.4 trillion) as of April 2017, representing growth of 16.4% YoY. This was slower than the…

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