China wealth management keeps faith with trust products

China wealth management keeps faith with trust products

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The sale of trust products to wealth management investors in China will continue either until someone gets hurt, or until the country's second tier banks find an alternative source of fresh capital, according to Hong Kong-based structured products bankers.

Trust products are included in the definition of non-standard debt-based instruments (NSD), as defined by the China Banking and Regulation Commission (CBRC), which issued new rules – the Circular on the Regulation of the Investment and Operati

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