The China 25 Index ETF (FXI) falls 1.5% premarket as Beijing moves to break up the opacity of...

|By:, SA News Editor

The China 25 Index ETF (FXI) falls 1.5% premarket as Beijing moves to break up the opacity of the shadow banking system with regulators demanding non-traditional wealth-management products be clearly linked to specific assets. Seems prudent. Citic Bank -6.8%, Minsheng Banking -7.9%. Banking ETF (CHIX) -6.1% YTD.