The new rules are part of an overhaul of the country’s financial system. Photo: Reuters The new rules are part of an overhaul of the country’s financial system. Photo: Reuters
The new rules are part of an overhaul of the country’s financial system. Photo: Reuters
China economy

China’s leaders sign off on new rules to crack down on ‘shadow banking’

Official endorsement is latest sign Beijing is serious about cleaning up US$15 trillion asset management industry

Topic |   China economy
The new rules are part of an overhaul of the country’s financial system. Photo: Reuters The new rules are part of an overhaul of the country’s financial system. Photo: Reuters
The new rules are part of an overhaul of the country’s financial system. Photo: Reuters
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