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China wealth management products rise to record 26.3 trillion yuan

Friday, September 2, 2016 - 05:50

Shanghai

CHINESE households, companies and banks held a record 26.3 trillion yuan (S$5.4 trillion) of wealth management products (WMPs) as at June 30, underscoring risks to an increasingly leveraged financial system from an explosion in shadow banking.

The products' value rose 11.8

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