Listed Chinese companies poured a record US$110 billion into financial products that were primarily distributed by banks, according to Chinese data provider, Wind Financial Information, illustrating last year’s sluggish market sentiment. The data, first reported by Financial Times, shows that the flow of company funds into wealth management products (WMP) surged 40% YoY. Almost 50% of flows went into investments with one-to-three-month maturity. While a…
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