March 28, 2013 at 12:55 PM EDT
Wealth Management Regulations Weigh on China Bank ETF
Shares of the Global X China Financials ETF (NYSE: CHIX ) are trading lower by almost 1.7 percent Thursday after Chinese regulators moved to curb proliferation of opaque wealth management products in the world's second largest economy. Most of the wealth management products, which are sold to investors looking to
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