Caixin
May 12, 2016 06:48 PM

Banks Increasingly Outsourcing Investment of Wealth Management Money

(Beijing) – Banks looking for professional investment advice are cooperating with other financial institutions to invest their wealth management funds, people familiar with the practice say.

The investments had been usually limited to small lenders such as city commercial banks because they do not have their own securities investment specialists. However, the sources said the practice has become common among even the biggest lenders since last year's stock market rout.

loadingImg
You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code