Regulators Leave Wealth Management Industry Unplugged

(Beijing) – Financial market supervisors admit that gaping holes pockmark the regulatory fences they've built in recent years to control the wealth management industry and protect its investors.

By occasionally introducing new rules and regulations, supervisors such as the China Securities Regulatory Commission (CSRC) and the China Bank Regulatory Commission (CBRC) have tried to mend these fences and even erect new ones.