China’s boom in WMP is pushing convergence: report
Cross-sector business, shadow banking, and online finance are all irreversible trends as financial products converge, but where will this leave China’s regulatory framework?
China’s explosion in wealth management products (WMP) might be an important source of funding for Chinese companies unable to raise funds through traditional bank loans, but the RMB29.1 trillion ($4.3 trillion) industry is threatening to overheat the Chinese economy.
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