Legal
China demands wall around wealth management sector to cut risk
Chinese banks must create a firewall around increasingly popular wealth management services, the country's banking regulator urged, in order to avoid any contagion from higher risk products spreading to normal bank loans. Banks must establish a separate department to carry out wealth management business by the end of September, the…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Reuters