Its statement also said that outside of the formal bond market, no more than 35% of a bank's total issued wealth-management products should be invested in debt or used to make loans.

WSJ: China Tightens Regulations on Wealth Management

Spain has yet to ask for formal EU bailout assistance, even though European Central Bank president Draghi said Tuesday the ECB is ready to implement its bond buying program should Spain as for assistance.

FORBES: P.M. Kitco Metals Roundup: Gold Ends Weaker on More Profit Taking, Solid Gains in U.S. Dollar Index