China’s bank regulators have proposed tighter rules on WMPs, which some suggest will create additional costs to banks at a time when profitability is already under pressure. Photo: Shutterstock
Cathy Zhang
Opinion

Opinion

Across The Border by Cathy Zhang

China’s tightened rules on wealth management products having little effect

Suggestions a trial has now begun to bring unsecured Chinese WMPs, one of the main sources of shadow banking, onto banks’ balance sheets

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China’s bank regulators have proposed tighter rules on WMPs, which some suggest will create additional costs to banks at a time when profitability is already under pressure. Photo: Shutterstock
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