Worries about China’s shadow banking system are amplified by 4 new concerns about the $3.9 trillion market for wealth management products
"With analysts scrambling to digest the impact of the draft rules on banks, fresh concerns are emerging including: the degree to which banks have been using WMPs to repackage and invest in other such products, their use as a way for to gain exposure to riskier corporate securities, banks' tendency to borrow money to boost returns on WMPs, and the potential for the new WMP rules to impact other assets."
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Friday, May 26
May 26, 2017