BEIJING, May 16 (Xinhua) -- Banks in China issued a total of 10,849 wealth management products (WMPs) in April, down 20.42 percent or 2,783, compared with a month earlier, according to data from the Rong360.com, a mobile financing platform.
In a breakdown of April’s figure, 10,676 types of WMPs were dominated in Chinese currency, a decrease of 2,679 month on month, and the remaining 173 were in foreign currencies, down 59 on month.
Among the 10,849 WMPs issued in April, the number of short-term investments that banks sell is declining, while the proportion of long-term investments is growing.
Data showed that WMP yields promised by Chinese lenders in April averaged about 4.85 percent, 0.03 percentage lower than that of the last month, falling for two consecutive months.
(Edited by Ma Xin, maxin11@xinhua.org)
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