China said to be drafting rules to rein in asset management risks
Rules would make clear that there's no government guarantees on asset management products
Beijing
CHINA'S financial regulators are working together to draft sweeping new rules for the country's rapidly-expanding asset-management products that aim to make it clear there's no government guarantees on such investments, according to people familiar with the matter.
The draft rules would apply to products issued by banks, insurers, brokerages…
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