Caixin
Sep 29, 2018 12:35 AM
FINANCE

New Wealth Management Rule Broadens Stock Access

Chinese banks manage nearly 30 trillion yuan of wealth management funds raised from public investors. Photo: VCG
Chinese banks manage nearly 30 trillion yuan of wealth management funds raised from public investors. Photo: VCG

* WMPs sold publicly to retail investors will be allowed to invest in equity-related mutual funds, an indirect way to buy stocks

* More flexibility will be allowed for privately raised WMPs in terms of risk management and capital requirements

A long-anticipated industry rule broadens the ability of bank wealth management funds to invest in stocks while granting some leeway on capital requirements for certain investment vehicles.

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