Update: Regulators Pause on Wealth Management Products
* Outstanding WMPs invested in nonstandard investments fell 5.4% from the end of 2017 to the end of March
* However, the outstanding amount of structured deposits issued by commercial banks surged 50.8% year-on-year in April
(Beijing) — Chinese regulators may delay the release of rules on the country’s 30 trillion yuan ($4.5 trillion) wealth management product (WMP) business in an attempt to avoid further upsetting the stock, bond and foreign exchange markets, Caixin has learned.
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