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ICBC, Citic, PICC agree: regulate asset management

Toby Yiu
China's asset management free-for-all harbours risks which need to be tackled with new rules, senior executives have said. They want the responsibilities and liabilities to be harmonised and explained.
ICBC, Citic, PICC agree: regulate asset management

Tighter rules governing China’s asset management industry are needed because of the regulatory vacuum firms are operating in, a group of senior officials said.

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