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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 boom in WMP is pushing convergence: report

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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