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Chinese regulator may extend grace period of new rules on banks wealth management amid coronavirus outbreak


The novel coronavirus outbreak that has put China’s economic recovery at risk may prompt the authority to ease a crackdown on the shadow banking sector.

China's financial regulator is expected to extend the grace period for banks struggling to meet a deadline on the new rules on wealth management business by one year to the end of 2021, reported the state-backed China Securities Journal on Thursday, citing sources close to the regulator. The report . . .

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