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MNI: Entrusted product transactions are recovering...>

MNI, NEWS
MNI: Entrusted product transactions are recovering as the average yields of most
bond funds have exceeded those of bank deposits, and even some wealth management
products (WMPs), after a nine-month correction in the bond market, the China
Business News reported Sunday. Small and medium-sized banks are actively
investing in entrusted products to cover their costs, the report said. In
addition, under the government's financial deleveraging campaign, the pressure
on banks' WMPs and complicated structural products is increasing, providing an
opportunity for products offered by non-bank financial institutions, the report
said. NBFIs are eager to share the "big cake" of funds now invested in bank
WMPs, worth around CNY30 trillion, the report said. (China Business News)

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