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China wealth management products growth eases in Q1: regulator
Add BT as a preferred sourcePublished Sun, Apr 23, 2017 · 09:50 PM
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Shanghai
THE growth of Chinese wealth management products (WMPs) and interbank liabilities eased in the first quarter of the year, China's banking regulator said late on Friday, amid a crackdown by Beijing on risky behaviour in the financial markets.
The China Banking and Regulatory Commission (CBRC) said in a statement the value of banks' wealth management products totalled 29.1 trillion yuan (S$5.9 trillion) at the end of March, up 18.6 per cent from the start of the year.
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