China’s public companies have increasingly invested in wealth management products to enhance their bottomline, instead of focusing on their core businesses, which in turn has given the country’s shadow banking system a boost. Photo: Reuters
Daniel Ren
Opinion

Opinion

Across The Border by Daniel Ren

A-share firms bank on wealth management products to boost books in slowdown

A-share firms’ holdings of wealth management products have risen from 7.1 billion yuan in 2012 to 743 billion yuan so far this year

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China’s public companies have increasingly invested in wealth management products to enhance their bottomline, instead of focusing on their core businesses, which in turn has given the country’s shadow banking system a boost. Photo: Reuters
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