Econ and Finance - 03 Aug 2020

Banks get some breathing room

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It’s official!

China’s banks will have another year to comply with the new-(ish) wealth management rules.

The rules, issued in April 2018, were due to take effect in December.But on Friday, the central bank (PBoC) said that banks would have until the end of 2021 to comply.

Some contex...

Snuh-ohez.

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