Wealth Management Products and Financial Repression
by Nicholas Borst | September 16th, 2011 | 09:05 amThere’s quite a bit of buzz surrounding the rapid increase of wealth management products (银行理财产品) in China. What role do these products play in China’s financial system and what risks do they present to financial stability? Wealth management products (WMPs) are a relatively new type of financial instrument that act as an alternative to traditional [...]