The buffer time for financial...........>

CHINA PRESS: The buffer time for financial institutions to transform and change

their WMP businesses according to the finalized WMP rules was extended to two

years and a half, longer than the market expected, 21st Century Business Herald

reported Wednesday;

- The rules clearly define standardized and non-standardized WMP businesses and

show that regulators are trying to tackle risks triggered by non-standardized

financial products, an unidentified WMP manager of a large Chinese securities

company told the newspaper; 

- Former PBOC official told the newspaper the rules show financial regulators do

not want public funds to be invested in non-standardized businesses, which could

bring more risks and intensify the shadow banking problem.