In China's Shadow Banking the WMPs Are Just Beginning of Problem [ANALYSIS]

Nobuyuki Saji of Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) (TYO:8306) is back from a trip to China. He notes in a new report that the latest visits to China with three particularly strong impressions: (1) the next major problem after wealth management products (WMPs) will be "asset management plans" as the shadow banking system finds new ways around the rules; (2) Chongqing is the scene of intensified competition among real estate developers; and (3) a number of companies are . . .

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