China’s wealth management products shrink by $200BN
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China’s bank wealth management products (WMP) have shrunk by RMB 1.38 trillion ($200 billion) in the first quarter, reports Caixin. This comes as banks prioritized deposit growth and market volatility weighed on flows. Bank WMP balances fell to RMB 31.91 trillion at the end of March from the end of last year, according to data from […]
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