China's foreign exchange market activity declines: report (2)

This means the independence of China's monetary policies has been enhanced, it said.

The book predicted that wealth management products sold at commercial banks may lead the wealth management market in China.

A total of 23,858 kinds of wealth management products have been sold over the first three quarters of the year, which has already outnumbered the total sum of 2011. It is estimated that the annual sale this year will reach 20 trillion yuan (3.18 trillion U.S. dollars) with more than 30,000 kinds of products, the book said.

It believed that wide-spread commercial bank outlets as marketing channels, the implicit credits of state-owned banks among the public, the low-risk feature of most of the products and the power of commercial banks in the country's financial system are key boosts for the bank wealth management product market.