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Chinese investors targeted WMPs during non-trading CNY holiday

Chinese investors turned their attention to short-term wealth management products during the non-trading Chinese New Year holiday, taking money out of security accounts and targeting short-term maturity products, according to industry data. Chinese investors’ security accounts experienced net outflows totalling RMB106.4 billion (US$15.5 billion) during the one week before the holiday period, according to data provided by China Securities Investor…

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