Fitch issues warning on wealth management product payouts
By Wu Yiyao in Shanghai | China Daily | Updated: 2013-06-22 08:26
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An Industrial and Commercial Bank of China Ltd branch in Shanghai. The overnight Shanghai Interbank Offered Rate hit an all-time high of 13.44 percent on Thursday, increasing liquidity pressure on banks, particularly smaller ones. Jing Chang / for China Daily |
Tightening liquidity conditions in China's financial sector could hamper the ability of some banks to meet payouts on maturing wealth-management products on time, Fitch Ratings warned on Friday.
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