Sentences with phrase «chinese wealth management products»
Over the last five years investors have poured at least $ 2.8 trillion into Chinese wealth management products, an uninsured investment mostly sold by banks.
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The Chinese government so far has stepped in to stop big meltdowns of wealth management products, to avert ripple effects and forestall investor anger.
Mr. Li, the central bank adviser, and other officials and economists say the Chinese government has the resources to cover big losses if wealth management products fail.
Leiming Yuan, General Manager of Ant Financial's wealth management unit, said some 70 percent of Chinese citizens do not buy financial products because «most financial products in the market are designed for high - net investors and portfolio management requires both time and expertise.
The Chinese shadow banking system is now a well - known financial Frankenstein, with multiple asset management companies, wealth management products and other off - balance sheet entities providing around half the country's credit volume.
Alibaba - affiliated Ant Financial Services Group today unveiled a wealth - management app providing Chinese consumers with simpler access to the company's growing roster of investment products, including more than 900 commission - free funds.
As the Chinese government boosts lending in an effort to meet its growth targets, wealth management products are likely to keep expanding.
China has low interest rates for savers, so many Chinese turn to Wealth Management Products in order to earn something decent on their money.