Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing. Photo: REUTERS

Chinese banks push back on regulators’ plan to bring wealth management products in line

Ten mid-sized banks have asked regulators to extend a June 2019 deadline by another 18 months until the end of December 2020, for ending promised guarantees on wealth management products.

Topic |   Financial regulation

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Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing. Photo: REUTERS
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