{"id":51277,"date":"2016-01-14T10:04:55","date_gmt":"2016-01-14T15:04:55","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=51277"},"modified":"2016-01-14T10:04:55","modified_gmt":"2016-01-14T15:04:55","slug":"chinese-regulator-asks-banks-to-cut-wealth-management-yields-2","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2016\/chinese-regulator-asks-banks-to-cut-wealth-management-yields-2.html","title":{"rendered":"Chinese Regulator Asks Banks to Cut Wealth Management Yields"},"content":{"rendered":"<p>\n(Reuters) China&#8217;s banking regulator and main bond clearinghouse have asked commercial banks to reduce rates they offer on high-yielding wealth management products (WMPs), five sources told Reuters, an apparent back-pedalling on commitments to let markets price credit.The move to suppress returns on WMPs would cut the cost of capital for cash-strapped firms relying on the estimated 20 trillion yuan ($3 trillion) industry for costly credit to stay afloat, and reduce the appeal of such products to retail investors, which could boost alternative investments such as Chinese stocks, which have had a dreadful start to 2016.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/us-china-debt-wmp-exclusive-idUSKCN0UQ0H220160112\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) China&#8217;s banking regulator and main bond clearinghouse have asked commercial banks to reduce rates they offer on high-yielding wealth management products (WMPs), five sources told Reuters, an apparent back-pedalling on commitments to let markets price credit.The move to suppress [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51277","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=51277"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51277\/revisions"}],"predecessor-version":[{"id":51278,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51277\/revisions\/51278"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=51277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=51277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=51277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}