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Chinese WMPs to be unwound under new scheme

Elva Muk
The Chinese banking regulator has proposed a scheme whereby banks will offer 'asset management plans' instead of wealth management products, which have sparked concerns.
Chinese WMPs to be unwound under new scheme

Banks in China may have to offer so-called asset management plans instead of controversial wealth management products, after the mainland banking regulator announced plans for a new pilot programme late last week.

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