Comment & Analysis
Everything You Need To Know About China's Crackdown On $2.1 Trillion Of Wealth Management Products
The Chinese stock market took a hit Thursday after its banking regulator issued new regulations to tighten control over banks' wealth management products (WMPs). WMPs are essentially a pool of securities (trust products, bonds, stock funds) that have yield that is on average 2 percentage points higher than bank deposits….
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Click here to read the full story: Business Insider