China Regulator Warns of Rate Risks as Bond ETF Redemptions Rise
- NFRA convened meeting Friday with bank wealth units: people
- Bond ETFs switched to net outflow Monday as redemptions rose
This article is for subscribers only.
China’s top financial regulator warned asset management firms about interest rate risks, as redemptions from domestic bond investment funds quickened following authorities’ moves to tame buyer interest.
The National Financial Regulatory Administration urged banks’ wealth management units to strengthen their risk-management mechanisms during a meeting in the eastern city of Qingdao on Friday, according to people familiar with the matter, who asked not to be named discussing private information. The regulator didn’t immediately reply to a request for comment.