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China set to impose tougher rules on banks’ cash management products business

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China’s banking regulator is considering stricter rules on commercial banks' cash-management products (CMPs) business, part of its efforts to tame financial risks amid an economic slowdown. Some say, the rules, if implemented, will have a big impact on bond markets.

The regulator is considering using higher requirements for CMPs’ pricing, duration and investment and banks are required to comply by the end of this year, according to the China Banking and Insurance Regulatory Commission (CBIRC . . .

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