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CHINA PRESS: Financial regulators led by the PBOC are speeding up the
re-classification and collection of statistics on wealth management products
(WMPs), Securities Daily reported Monday, citing a PBOC official. 
-Authorities want to better assess the state of cross-market financial products,
the daily cited the PBOC official as saying; 
-WMPs by security companies, funds managers, insurance companies and private
equities are expected to be classified as newly-defined WMPs, the daily said; 
-Regulators will soon begin assessing financial holding companies, the daily
said citing the PBOC official.
***COMMENT: China's new rules on WMPs will take effect by the end of 2020.
Companies affected are under pressure to adjust businesses. 

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