China's online wealth management index drops 23% as regulation tightens

Pedro Gonçalves
China's online wealth management index drops 23% as regulation tightens

The China Internet wealth management index has fallen for the first time since 2013, recording a decline of more than 23% amid tighter regulation. The index, which tracks the size of internet wealth management funds in proportion to the total financial assets held by Chinese citizens, declined to 563 points in 2018, down 23.5% from the peak level of 695 points in 2017, according to Yin Jianfeng, deputy director of National Institute for Finance and Development, local news outlet The Paper ...

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