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China drafts rules to rein in asset management risks
   2017-02-23 11:13:07    CRIENGLISH.com      Web Editor: Guan Chao

New reports suggest Chinese financial regulators are moving to divest the government from any liabilities connected to asset-management products.

It's being reported the government will not provide any guarantees or insurance for investments made on products provided by banks, insurers, brokerages, and other financial institutions.

The move is meant to try to give both households and companies pause for thought when investing their money into investment products which promise higher returns, but also come with higher risk.

For more on this, we're on the line now with Cao Can, CRI Financial analyst.

 
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