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December 21, 2016

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Shares fall again

SHANGHAI shares fell again yesterday amid the central government’s measures to tighten supervision of banking activities.

The Shanghai Composite Index dipped 0.49 percent to end at 3,102.88 points. The People’s Bank of China said it would control financial risks by curbing the proliferation of wealth-management products while supervising business involved in shadow banking. The central government’s control on wealth-management products might impact bank shares in the short term, Bloomberg News said.


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