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Cover Story: The Lagging Overhaul of China’s $3.9 Trillion Bank WMP Sector

2021年06月22日 17:26 来源于 财新网
Midway through a final year of transition to new rules, banks’ wealth management units are struggling to get it all done, including hiring enough talent
The “Big Four” state-owned banks’ WMP units together manage about 4.45 trillion yuan of assets.

Halfway through what’s supposed to be the final year of a transition to sweeping new rules covering asset management in China, the $3.9 trillion bank-based sector of the industry is deeply mired in a struggle to accomplish all it needs to by the end of 2021.

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