, Columnist
Small Banks, Big Worry
Beijing's wealth management clampdown will hit them disproportionately hard.
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If there's a lesson to be had in Chinese finance this year, it's that small isn't beautiful.
A crackdown on wealth management products, the short-term deposit-like instruments sold by just about every financial institution, will take an especially hard toll on the country's smaller banks. So it's understandable that joint-stock lenders are protesting the tightening of regulations, as Reuters reported last week.