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Weak risk controls heighten risk of Chinese bank WMPs
Chinese Banks urgently need to resolve weak oversight of wealth management products in order to avoid scandals such as Hua Xia Bank’s failed WMP.
Smaller Chinese banks still gambling on risky wealth management products
Smaller banks in China are experiencing rapid growth rates in the wealth management market by offering high-risk WMPs to customers, placing the country’s banking sector in jeopardy.




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