The Traderszone Network

Published in TZ Latest News 11 January, 2016 by The TZ Newswire Staff

Exclusive: Chinese regulator asks banks to cut wealth management yields – sources

SHANGHAI/BEIJING (Reuters) – China’s banking regulator and main bond clearinghouse have asked commercial banks to reduce rates they offer on high-yielding wealth management products (WMPs), five sources told Reuters, an apparent back-pedalling on commitments to let markets price credit.

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