You can say this for Chinese banks—they’re pretty creative when it comes to raising funds.
Pressure from regulators means it’s been getting harder for banks in China to get enough money. So-called wealth management products, short-term investments which have offered customers generous returns, have fallen from favor. Now Beijing is worried that these often highly-leveraged, off-balance sheet products have been juicing asset markets and storing up reputational risks for the banks when they default.
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