China’s central bank has further tightened rules on asset management companies in a bid to cut financial risks in the economy. Photo: AFP

China’s central bank tightens rules on asset management firms in move to reduce risks

The rules, first unveiled in draft form in November, cover such areas as putting aside income for risk reserves and a ban on implicit guarantees

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China’s central bank has further tightened rules on asset management companies in a bid to cut financial risks in the economy. Photo: AFP
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