Three hundred and seventy-one structured products worth CNY43.6 billion ($6.3 billion) had strike dates in January 2020, down from 1,984 products with combined sales of CNY388 billion the same month in 2019.
China’s banking regulator may give financial institutions another year to comply with sweeping new asset management rules issued in 2018 and set to take effect in December 2020. With banks making little progress in overhauling their wealth management products (WMPs), regulators have solicited opinions from several large state-owned banks and proposed extending a transition period for compliance with the new rules to the end of 2021. The revamped asset management rules were aimed
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