Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Finance Reminders of China's shadow banking, in broad daylight Nasty surprises may lurk in $3.9tn pile of wealth management products A bankrupt wealth management products dealer in Jiangsu Province.
YUSHO CHO, Nikkei staff writer March 30, 2017 13:00 JST | China
SHANGHAI -- Walk in any Chinese city and you are bound to find advertising for wealth management products, much of it handwritten and so having a raw quality not found in a slick bank poster.
Many ads more than make up for a lack of sophistication by promising would-be investors "low risk" and a juicy yield -- say, 4.9% for a 120-day term.
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