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CBRC warns over product leverage

Chinese banking regulator warns banks over client risk appetite

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China's main banking regulator has warned banks to conduct sufficient research to understand clients' needs and refrain from selling them products above their risk-bearing capacity, if they want the development of a derivatives products market in the country to continue.

The message from Li Fuan, head of the innovation department at the China Banking Regulatory Commission (CBRC) in Beijing, came

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