China's boom in wealth management products makes economists fear

The mainland's smaller banks boosted sales of wealth management products (WMPs) to account for more than 85 per cent of the 3.5 trillion yuan (HK$4.34 trillion) of offerings in the first nine months of this year, raising credit risks and deposit costs, Fitch Ratings said.

via Business feed http://www.scmp.com/business/china-business/article/1103891/chinas-boom-wealth-management-products-makes-economists-fear