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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
Wednesday, February 22, 2017 - 05:50

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.

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