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UBS strategy head flags risks for China banks, stocks

Elva Muk
Wealth management products will attract big flows from deposits, thus pressuring banks, says UBS's head of China equity strategy. He also expects share prices to be hit by the restart of IPOs.
UBS strategy head flags risks for China banks, stocks

Wealth management products (WMPs) in China are set to attract inflows of Rmb10 trillion to 15 trillion ($1.7 to $2.55 trillion) from bank deposits over the next two years, due to the higher returns offer by such instruments, predicts UBS’s head of China equity strategy.

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