New regulation will reshape structured products in China, Societe Generale

The wealth management community in China is facing a number of challenges this year, none more so than the new asset management regulation which was introduced by China's central bank in the first quarter with the aim of providing a transparent market with clearer rules. The new rules meant that commercial banks' off-balance-sheet financial products were restricted and on-balance-sheet products - having fixed interest rates - were limited and, as a result, banks had to enhance their on-balance-s