Comment & Analysis
China’s $3.5 Trillion Wealth Product Market Shows First Losses
Chinese investors and savers just experienced something that’s never happened before: losses on some of their 25 trillion yuan ($3.5 trillion) state bank issued high-yield wealth management products. Those came as the worst Chinese bond rout in a decade colluded with a push by regulators to transform the nation’s wealth…
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Click here to read the full story: Bloomberg