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China's US$9 trillion moral hazard too big to ignore

Country's financial regulators are drafting rules for asset-management products that aim to make clear the investments don't have government guarantees, say sources


CHINA may be about to embark on its most ambitious - and perilous - campaign to convince investors that they shouldn't depend on a bailout when markets go south.

In a rare show of cooperation, the nation's main financial regulators are drafting new rules for asset-...

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