China’s Structured Product Offerings Drop on Shadow Bank Curbs
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Chinese structured product offerings dropped by the most in six months in June after the government put in place measures to curb the shadow-banking industry, restricting issuers’ ability to sell the investments.
The number of securities fell 14 percent to 197, compared with average growth of 8.4 percent in the first five months, according to Cnbenefit, a consulting firm that focuses on wealth management. The company collected the data from publicly available information and also through agreements with some banks.