epa05049738 (FILE) A file picture dated 26 August 2015 of a clerk counting Renminbi banknotes in a bank outlet in Huaibei, Anhui province, China. The International Monetary Fund (IMF) on 30 November 2015 announced it is adding China's renminbi, or Yuan, to the currencies that the Washington-based crisis lender uses as a measure of value, alongside the dollar, euro, yen and pound sterling. EPA/WOO HE CHINA OUT *** Local Caption *** 52146007

PBOC official: China’s asset management sector to shrink

A central bank official says the sector “is likely to” shrink as regulators crack down on irregularities that have contributed to risks in the financial system

Topic |   Regulation

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epa05049738 (FILE) A file picture dated 26 August 2015 of a clerk counting Renminbi banknotes in a bank outlet in Huaibei, Anhui province, China. The International Monetary Fund (IMF) on 30 November 2015 announced it is adding China's renminbi, or Yuan, to the currencies that the Washington-based crisis lender uses as a measure of value, alongside the dollar, euro, yen and pound sterling. EPA/WOO HE CHINA OUT *** Local Caption *** 52146007
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