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Your loss is your problem, China tells small investors as it tightens money rules

High-risk, high-return, yet state-protected products have warped prices and bred complacency

By the end of June, China's asset management business totalled more than 60 trillion yuan, according to central bank data, almost as big as the country's annual GDP.


RETIRED Shanghai truck driver Shen Xipei shunned risky stocks and low-yielding deposits and instead put his life savings into a wealth management product (WMP) sold - and guaranteed - by a bank.

Soon, however, investors such as Mr Shen may start switching into other assets...

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