The disappearance of 3 billion yuan from Minsheng Bank’s private banking accounts has again highlighted Chinese banks’ weak internal controls and the risks associated with so-called innovative wealth-management products. Photo: Reuters

China’s Minsheng Bank sees investor trust vanish – along with 3b yuan

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The disappearance of 3 billion yuan from Minsheng Bank’s private banking accounts has again highlighted Chinese banks’ weak internal controls and the risks associated with so-called innovative wealth-management products. Photo: Reuters
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