You are here

China's rich flocking to leveraged bets on notes with yields of up to 15%

Hong Kong

CHINA'S wealthy are flocking to investment products that buy bank capital securities and soup up returns by using borrowed funds.

Elm BV, a special purpose vehicle used by UBS Group AG, has sold 3.7 billion yuan (US$754 million) of structured notes in 18 offerings since...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes