China bank regulator drafts new rules on wealth management products

July 28, 2016 11:03 AM

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BEIJING, July 28 China's banking regulator said it was drafting new regulations on commercial banks' wealth management products, to curb risks and promote sustainable development of the industry.

The new rules are being studied internally and feedback is being gathered on them, the China Banking Regulatory Commission (CBRC) told Reuters late on Thursday.

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