Purchases of bank WMP’s by listed companies in China hits a 5-year high
Wealth Management Products are high on the shopping list of public companies in China
- Both the number of listed companies that have invested in bank WMP's as well as the total subscription amount have broached their highest levels in nearly five years
So reports China Banking News.
This despite returns on the products having dropped to 18 month lows
As long as the liquidity of the funds, and their safety, stays stable or improves its all good right? I mean, what could possibly go wrong?