“Given that CBRC (China Banking Regulatory Commission) has already said that the key task for 2016 will be risk control, it's quite telling that they're now telling banks to reduce these WMP yields, many trust loans, for instance, were issued two years ago when commodity prices were still sky high, and any products that sent funds to those parts of the industrial sector may have repayment difficulties at the old high rates.
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- Reuters 8 years ago
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