Jupai Holdings Limited distributed RMB9.7 billion worth of wealth management products (WMPs) in 2Q18, a 21% year-on-year decrease in aggregate value. “Over the past quarter, we have seen stronger headwinds in China’s wealth management industry, as investors become increasingly conservative in the face of the government’s accelerated deleveraging at the macroeconomic level and tightened regulations in the financial services sector,”…
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