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Mainland bank sacks “unauthorised” seller of Wealth Management Products

A banker at the publicly-listed Hui Xia Bank in Mainland China has been sacked following allegations that she sold high-risk wealth management products (WMPs) without authorisation. This is in spite her husband accusing the bank for making a scapegoat out of his wife to deflect responsibilities. According to the husband, identified by the surname Xu, his wife, Tingting, had no…

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