In Depth: Behind the Massive Sell-Off in Chinese Wealth Management Products

By Wang Shiyu, Quan Yue, Wang Juanjuan, Wu Xiaomeng and Kelsey Cheng

2023年01月10日 21:17

Following China’s easing of Covid controls, a slump in the bond market has led to plunging values of WMPs, stoking panic among retail investors

: Many retail investors in China are only now learning about the risks of investing in wealth management products, after plunging values triggered by the onshore bond market rout stoked panic. Photo: VCG

When Li Ming put around 10,000 yuan ($1,450) in a wealth management product (WMP) in November, he expected nothing short of a fool-proof investment. But within just a few days, local bond market turmoil led to plunging values of WMPs, which had invested heavily in bonds, stoking panic among retail investors including Li.

　　[财新双语通产品，是为有双语需求读者专门订制的优惠产品，按此可享超值优惠订阅。]

版面编辑：喻竹杨洋

In Depth: Behind the Massive Sell-Off in Chinese Wealth Management Products

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