China and Taiwan clamp down on risky products

Jun 29, 2009

China is nipping equity exposure in bank wealth management products, while structured product distribution will be treated with a heavier hand in Taiwan.

Following an announcement last week that the Taiwan Financial Supervisory Commission (FSC) is tightening structured product sales, the mainland market is abuzz with talk that the China Banking Regulatory Commission (CBRC) intends to clamp down on wealth management products linked to domestic equities and sold through banking channels.

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