China Cools the Growth in Wealth Management Products
China’s increase in wealth management products is under scrutiny from regulators due to the threats to the financial stability. Outstanding products issued by banks is at US$4.2 trillion as of 31st March, up 18.6% from a year ago according to China Banking Regulatory Commission.
“Outstanding products issued by banks is at US$4.2 trillion as of 31st March.”
Wealth Management products which are popular with individual and corporate investors due to their high yields have almost tripled in value over the past three years. Regulators have therefore stepped up efforts to clamp down on any potential risks.
Related Report: Bloomberg
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