FT says that "China’s zero-Covid retreat sparks wealth management product sell-off"

The Financial Times is gated, but here is the link if you can access it:

China’s zero-Covid retreat sparks wealth management product sell-off

• Vicious circle as fund managers are forced to sell holdings to satisfy wave of redemptions

There are reports of withdrawals being frozen amidst a rush for redemptions.

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In other China news:

• China's National Bureau of Statistics will cancel its November press conference scheduled for 10 am on Thursday, will release the November economic indicators online instead
• China is to offer a second COVID-19 booster for high-risk people, The National Health Commission says the second COVID vaccine booster dose can be given to high-risk groups and elderly people over 60 years old. The gap between the two shots is 6 months.