Wealth and Asset Management
China Banks Enter Eye of Storm Adding Risky Debt to Wealth Funds
The wealth-management products that banks sell at branches across China are often considered as safe as deposits by customers. There are growing reasons to question that faith. The ability of Chinese lenders’ $2.4 trillion of WMPs to generate the returns they promise is being undermined as monetary easing has pushed…
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Click here to read the full story: Bloomberg