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China's financial regulation will.......>

CHINA PRESS
CHINA PRESS: China's financial regulation will focus on three risks: the debt of
state-owned enterprises (SOEs), local government debt and the wealth management
sector, the Economic Information Daily said in a front-page commentary on
Wednesday. As an effective method for deleveraging the SOEs, debt-to-equity
swaps will grow rapidly next year. Infrastructure investment will be constrained
by a slower increase of local government debt, which in turn will drag down
demand for raw materials. Under stricter regulation, the scale of wealth
management products will shrink noticeably. However, regulators have reiterated
that they will pace their efforts to maintain stability, the commentary said.
(Economic Information Daily)

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