HONG KONG -- Chinese banks' wealth management units are suffering a crisis of confidence as mom-and-pop investors fled the sector after products they thought were risk-free suddenly dropped in value.
Retail investors sell in panic after 'risk-free' investments tumble in value
HONG KONG -- Chinese banks' wealth management units are suffering a crisis of confidence as mom-and-pop investors fled the sector after products they thought were risk-free suddenly dropped in value.