Some security brokerage companies.......>

CHINA PRESS: Some security brokerage companies have stopped selling wealth

management products for banks, Securities Daily reported Thursday. 

  - The change came after financial regulators issued the finalized rules

regulating WMP businesses, which forbid such sales after 2020; 

  - However, some other brokerage companies will keep selling before the WMP

rules take effect, the newspaper said. 

  - Yields of WMPs sold by brokerage companies dropped rapidly, down from as

high as 6.7% to the current low of 2.4%. Both the new regulations and loose

liquidity in the market led to the drop, a manager at a brokerage company told

the newspaper.