FYI: Like many individual investors in China, Yang Mo has no idea what’s in the wealth management products that make up a big chunk of her net worth.
She says there’s really no point in finding out. Sure, WMPs invest in all kinds of risky assets, but the government would never let a big one fail, she explains.
“It’s not how the Chinese government does things, and it’s not even Chinese culture,” says Yang, a 29-year-old public relations professional in Beijing.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-04-10/china-is-playing-a-9-trillion-game-of-chicken-with-investors
