Regulators in some Chinese regions have asked wealth-management firms and banks’ proprietary wealth products to reduce holdings of non-standard assets, but enforcement differs by locality. A Jiangsu bank asset-management head said the bank received regulatory guidance and has cut non-standard holdings to 0. A Jiangsu wealth manager said it received a reduction task last year and is implementing it, though regulators did not demand full elimination. A northern bank asset-management head said regu

Regulators in some Chinese regions have asked wealth-management firms and banks’ proprietary wealth products to reduce holdings of non-standard assets, but enforcement differs by locality. A Jiangsu bank asset-management head said the bank received regulatory guidance and has cut non-standard holdings to 0. A Jiangsu wealth manager said it received a reduction task last year and is implementing it, though regulators did not demand full elimination. A northern bank asset-management head said regulators ordered that non-standard assets must not rise as a share of outstanding wealth products. Multiple regional wealth managers told reporters they have not received clear cut-down directives. In Shanghai, a wealth manager said no notice has been issued; current supervision sets a company-level cap of 35% for non-standard assets but no explicit per-product limit, though industry practice is to keep per-product non-standard exposure below about 50%.