China has moved to rein in an explosion of short-term high-yielding products offered by banks, which regulators see as a potentially dangerous side-effect of a lending spree by banks since the global financial crisis.
In rules published on Wednesday, the China Banking Regulatory Commission demanded that banks do more to manage and disclose risks involved in their so-called “wealth management products”, which function like certificates of deposit with a duration of just a few weeks.
Having issued a torrent of credit over the past three years, Chinese banks are now working to attract enough funding to keep their loan-to-deposit ratio below the 75 per cent regulatory threshold.
您已阅读23%（681字），剩余77%（2307字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。