Tightening Of Wealth Products Rules To Hit Chinese Banks’ Capital: Fitch

One America News Network | 11/24/2014 | Staff
josh567 (Posted by) Level 3
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HONG KONG (Reuters) – Bringing unsecured Chinese wealth management products, one of the main sources of shadow banking, on the balance sheets of the banks could dent banks’ regulatory capital buffers, ratings agency Fitch said in a report on Tuesday.

Chinese regulators have been bolstering their oversight of financial assets including wealth management products (WMPs) that are often sold by banks and not counted on their balance sheets, amid concerns about growing debt in the economy.

Fitch - Report - WMPs - Sheet - Assets

Fitch said in its report if unsecured WMPs were accounted for as on-balance sheet assets, average...
(Excerpt) Read more at: One America News Network
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