Markets are nervous that China could be on the verge of a liquidity crisis with the recent defaults from property developer Country Garden potentially being just the tip of the iceberg. However, there is still some positive news that could allay fears of a full-blown crisis. The wealth management businesses of Chinese banks have actually seen a recovery since July…
Why China’s wealth management meltdown may not be as bad as feared
By Twinkle Sparta, associate editor | 16 August 2023
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