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KM Financial Solutions | China lets banks’ public wealth management product indirectly buy stocks
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China lets banks’ public wealth management product indirectly buy stocks

27 Sep China lets banks’ public wealth management product indirectly buy stocks

Posted at 11:40h in News by
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China’s banking
regulator issued new rules on Friday allowing wealth management
products publicly sold by banks to invest in equity-related
mutual funds, giving WMPs an indirect way to buy stocks and
potentially benefiting the share market.
Previously, such WMPs were only allowed to invest in money
market and bond funds.

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