China's structured fund losses mount amid market crash
Mounting losses in China's risky structured funds have highlighted the impact the A-share crash has had on investors. China's central bank last night cut interest rates and the reserve requirement ratio.
China’s structured funds saga has continued to deteriorate over the last two days amid the onshore market meltdown, sparking fears of more defaults.
As the funds have suffered from the A-share crash, China’s securities regulator has suspended the registration and approval of such products.
The plunge in stock prices continued yesterday, with the Shanghai and Shenzhen indexes both recording sharp falls. In response, last night the People's Bank of China cut its benchmark interest…
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