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Jupai’s WMP distribution value falls 44.3% in 2018

Under pressure from “severe industry headwinds”, Jupai Holdings Limited posted a 44.3% year-on-year drop in the value of distributed wealth management products (WMPs) in 2018, according to its full-year unaudited financial results. “During the year, investors became increasingly conservative as the Chinese government’s focus on deleveraging at the expense of economic growth and the expanding US-China trade conflict contributed to…

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