The expected yields of wealth management products issued by banks in China showed a downward trend and tumbled to a 2-year low in November.
Average expected yields on wealth management products (WMPs) in November fell to 4.23 percent, down 0.13 percentage point month on month, according to data from Beijing-based consumer finance information provider Rong360.com.
As the liquidity on the domestic money market is likely to continue loosening through the end of the year, there might be limited room for the yields of WMPs to edge up in the future, said Wu Huicheng, analyst with Rong360.com.
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