China’s unlicensed asset management firms still a threat, central bank executive says

Some unlicensed asset management companies are still operating in China, causing a “serious threat to financial stability”, a top official of China’s central bank on Saturday. Fan Yifei, vice governor of the People’s Bank of China, told a forum that a sizeable proportion of the 5,000 third-party...

https://www.hellenicshippingnews.com/chinas-unlicensed-asset-management-firms-still-a-threat-central-bank-executive-says/