Payments risk

2008-7-17 | NEWSPAPER EDITION

THE Shanghai Bureau of the China Banking Regulatory Commission yesterday cautioned commercial banks to strengthen risk control on online and telephone payments.

The move is aimed to better regulate the market, the local regulator said.

Sales of wealth products rocket up

SALES of individual wealth-management products in Shanghai surged in the first quarter, the banking regulator said yesterday. Banks are shifting to more stable fixed-income products this year. Banks issued...