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.

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