Top 7 effects of rate cut on people's life
Updated: 2014-11-25 07:35 (chinadaily.com.cn)6. Yield for wealth management products to drop
Most wealth management products (WMPs) abide by floating rates, therefore the rate cut is expected to diminish the WMP returns.
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A pedestrian walks past an advertisement for wealth management products of China Merchants Bank in Yichang city, central Chinas Hubei province, June 19, 2014. [Photo/IC] |
