Caixin
Update: China Raises the Bar for Banks’ Wealth Management Business
Draft rules for $3 trillion industry would double income for qualifying customers, slash minimum investments, curb nonstandard assets
FINANCE
Update: Financial Institutions Get Leeway to Meet New Asset Management Rules
Central bank guidance allows financial institutions to set their own agenda for complying with rules by the end of 2020
OPINION
The Best Reads of the Week From Caixin
Corporate bond market distress casts spotlight on private fund managers, big-budget fantasy flick flops
FINANCE
The Creeping Threat of Rural Banks’ Rising Bad Debts
Analysts say balance sheet woes triggered by swelling nonperforming loans could spill over into China’s broader banking sector
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