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Fitch warns of over-reliance on wealth management products by smaller Chinese banks
Fitch Ratings is warning that an over-reliance on wealth management products is putting China’s mid-tier banks and smaller financial institutions under increasing credit and liquidity risks. In a note issued on Tuesday, the agency said that sales growth of WMPs slowed to a two-year low in the first six months…
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Click here to read the full story: South China Morning Post