Wealth and Asset Management
China’s zero-Covid retreat sparks wealth management product sell-off
Beijing’s retreat from its zero-Covid policy is causing chaos in the country’s Rmb29tn ($4.1tn) market for wealth management products, with some fund managers having to freeze withdrawals or sell down their holdings as they struggle to cope with a rush of redemptions by investors. Half of the country’s 31,000 outstanding…
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Click here to read the full story: Financial Times