Fitch estimates that among mid-tier banks, WMPs were equivalent to 43 per cent of deposits at the end of the first half, up from 41 per cent six months earlier and that “makes them especially vulnerable”. Photo: EPA
Xie Yu
Opinion

Opinion

Across The Border by Xie Yu

Fitch warns of over-reliance on wealth management products by smaller Chinese banks

Agency says they present key credit and liquidity risks

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Fitch estimates that among mid-tier banks, WMPs were equivalent to 43 per cent of deposits at the end of the first half, up from 41 per cent six months earlier and that “makes them especially vulnerable”. Photo: EPA
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