Wealth products to be sold via online platforms

Wealth management products will soon be sold through online payment platforms, China's securities watchdog said on Friday.

The China Securities Regulatory Commission is in talks with Alibaba Group's affiliate Alipay - a provider of online payment services - to work out the details to link investors' asset management accounts with payment accounts under the regulations of the country's central bank.

The top securities regulator is determined to encourage the development of the country's wealth management industry.