China’s top regulators unveiled radical reforms for the country’s asset management industry this month, in a push by the government to defuse the investment risks accumulating across the Asian giant’s financial system.
The reforms, which are also designed to improve standards of investor protection and to set the asset management industry on a sustainable growth path, follow huge increases in debt and leverage that threaten the sustainability of the Chinese economy.
Retail investors in China have been ploughing money into lightly regulated or unregulated wealth management products that offer higher yields than bank deposits.
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