Posted inBeijing, China

Shadow banking to be included in assessing risk

China’s central bank will tighten supervision of shadow banking businesses by including off-balance sheet wealth management products (WMPs) into its risk-assessment framework next year, sources with direct knowledge of the matter told Reuters. The People’s Bank of China (PBOC) will include WMPs in macro-prudential assessments starting in the first quarter of 2017, the sources said, […]