China’s Safe backs outbound M&A – up to a point
Aug 24, 2017
Is it time to dodge the shrapnel from China’s WMP explosion?
China’s top user of wealth management products, real estate developer Xinhu Zhongbao, has wound back its WMP portfolio by almost a third – but China’s treasurers are unlikely to change portfolio direction anytime soon.
If treasurers were in any doubt that wealth management products had replaced all traditional cash management tools in China – be they bonds or even traditional bank deposits – they need look no further than the latest numbers from Beijing.
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