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Financial institutions are following....>

CHINA PRESS
CHINA PRESS: Financial institutions are following tighter regulations on wealth
management products this Chinese New Year, though they continue to compete
fiercely for more WMP businesses, reported Shanghai Securities News on Thursday.
 - Illegal WMPs such as P2P products cannot be found in retail banks, and yields
of WMPs do not exceed 6%. 
 - Banks also obey new rules prohibiting them from guaranteeing investors to
receive principal or a certain yield. 
 - During Chinese New Year, WMPs are sold out quickly, partly because banks
increase yields in order to get money before the Spring Festival. 

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