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China Tells Banks to Lower Returns on Wealth Products

  • Deleveraging drive prompted some lenders to lift WMP returns
  • China banks held $4.2 trillion of wealth products as of May
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Photographer: China Photos/Getty Images
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China’s banking regulator told some lenders to lower the rates they offer on wealth-management products, people familiar with the matter said, as officials move to reduce financial risks and stimulate the economy.