An article in the China Securities Journal (via MNI), quoting unnamed "sources familiar with the matter":
- Government regulators are investigating bank funds allegedly illegally invested in the stock market
- Many bank branches have been told by regulators to check fund flows - particularly to see where bank loans are really being spent
- Banks can't put funds in the stock market
- But, recent strong performances may have encouraged banks to design structural wealth-management products to bypass this regulation
