Wealth and Asset Management
China Wealth-Management Products Rise to Record $3.9 Trillion
Chinese households, companies and banks held a record 26.3 trillion yuan ($3.9 trillion) of wealth-management products as of June 30, underscoring risks to an increasingly leveraged financial system from an explosion in shadow banking. The products’ value rose 11.8 percent in the first half from the end of last year,…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Bloomberg