China unveils regulations overhaul signaling ‘new era’ for $15t in funds

China unveils regulations overhaul signaling ‘new era’ for $15t in funds

A worker pulls a cart under the Liede Bridge over the Pearl River in Guangzhou, China, on Wednesday, Nov. 1, 2017. Photographer: Qilai Shen/Bloomberg

China’s latest plan to rein in its shadow banking system is winning early plaudits from analysts, despite concern that it could fuel short-term market turbulence.

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