China's risky wealth-management products notch huge growth

12/11/2012 | Caijing Magazine online

Chinese investors have been boosting the growth of risky wealth-management products nationwide by 100% a year recently, and over this year's first three quarters they've accounted for 18% of total social financing, according to Du Jinfu, the disciplinary head of China's banking regulator. The lightly regulated shadow banking system under which some of these products fall has raised concerns after customer protests and the detention of several people said to be involved in illicit sales at Huaxia Bank.

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