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China to draft rules to rein in asset management risks

  Bloomberg China’s financial regulators are working together to draft sweeping new rules for the country’s rapidly-expanding asset-management products that aim to make it clear there’s no government guarantees on such investments, according to people familiar with the matter. The draft rules would apply to products issued by banks, insurers, brokerages and other financial institutions, said the people, who asked ...

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Ambani’s Jio to start charging for services as rivals cry foul

  Bloomberg Billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd. will begin charging for its services from April 1 and extended a slew of promotional offers to users as India’s newest wireless carrier attempts to retain customers. Customers who adopt Jio before March 31 will have the option of signing up for Jio Prime at 99 rupees ($1.48), plus a monthly ...

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Singapore’s home curbs may stay for some time: Minister

  Bloomberg Singapore’s residential property curbs are expected to stay for some time as the city-state’s economy remains stable and demand is still “very resilient,” Nati- onal Development Minister Lawrence Wong said. Singapore home prices fell 3 percent in 2016, with prices declining for the 13th straight quarter in the last three months of the year for the longest streak ...

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