Shanghai
CHINA'S banking regulator told some lenders to lower the rates they offer on wealth-management products, people familiar with the matter said, as officials move to reduce financial risks and stimulate the economy.
Banks, including some big lenders, received the order from the China Banking Regulatory Commission (CBRC) earlier this month, said the people, asking not to be identified as they aren't authorised to speak publicly. The requirement applies to on-balance sheet wealth-management products,...