China's bank regulator steps into WMP ponzi row

Dec 9, 2012

The CBRC says principal and non-principal guaranteed wealth management products issued by banks should not fall under shadow-banking. But this doesn't appear to address the risks.

China's bank regulator steps into WMP ponzi row

China’s banking regulator has said wealth management products (WMPs) issued by banks should not fall under the shadowy private-lending system, moving to calm fears of a giant ponzi scheme.

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