Wealth Management Products in China

Emily Perry and Florian Weltewitz
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Emily Perry: Reserve Bank of Australia
Florian Weltewitz: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2015, 59-68

Abstract: Wealth management products (WMPs) in China are investments that offer fixed rates of return well above regulated interest rates for deposits and are often used to fund investments in sectors where bank credit is restricted. They are typically actively managed by banks, with other firms commonly used as ‘channels’, but few are recorded on banks’ balance sheets. A key concern about such products is the moral hazard created by a history of banks bailing out unguaranteed WMPs.

Keywords: China; financial markets; wealth management products; trust companies; shadow banking (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (16)

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