China checks wealth mgmt boom with new rules
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China checks wealth mgmt boom with new rules

Beijing : China | Oct 09, 2011 at 11:53 PM PDT
Source: The Economic Times
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China has signed off a set of rules for its small but booming wealth management sector to temper rapid growth and prevent banks from exploiting loopholes to beat regulation. More than just an area of growth, China's wealth industry has been used by banks to attract deposits and skirt lending restrictions,... FULL ARTICLE AT The Economic Times
 
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