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PBOC Said to Test Extra Monitoring of Wealth-Management Products

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China’s central bank is conducting a trial monitoring of banks’ off-balance-sheet wealth-management products under its macro-prudential assessment system, according to people familiar with the matter.

The WMPs will be included in calculating broad-based credit, the people said, asking not to be identified discussing non-public information. Currently, the products aren’t included in the assessment framework, and it’s not clear when or if the People’s Bank of China will add them, the people said.