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China Wealth Products Fall in Issuance and Earning Yields: Daily

CHINA PRESS

China's wealth management products continue to drop in terms of issuance and earning yields after the introduction of new asset management regulations, the Securities Daily reported citing Xu Chengyuan, an analyst from Golden Credit Rating. The regulations have resulted in banks pulling away from expanding the scale of their products, while the stock market rallies have also drawn capital away from the wealth sector. WMPs have long been one of main channels of off-balance-sheet financing for banks. Future wealth management products will follow the Net Asset Value (NAV) standard and become the mainstream, reported the Daily.

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