China Tightens Rules on $15 Trillion Asset Management Sector to Cut Systemic Risks

China’s central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country’s rampantly growing shadow banking sector. The guidelines unified rules covering asset management …

from News – Insurance Journal http://ift.tt/2hyOQS7
via IFTTT