China’s WMPs attract investors despite rules clampdown

China's attempt to rein in unregulated lending activities has led to a decline in banks' wealth management products (WMPs) in the first half of the year, but industry experts believe investors retain a strong appetitie for such products at a time when deposit rates are low and liquidity conditions are expected to remain tight. "Chinese shadow banking activity stopped growing in the first half of 2017 because of both a fall in the issuance of higher risk instruments such as the ban…