Re:Wealth Management Products in China (2015) [pdf]
by JumpCrisscross on Wednesday October 25, 2017 @02:45AM
(#15548016)
> a product which claims a guaranteed rate of return, yet the deposits are invested in securities, loans, other risky investments
Like an exchange-traded note (ETN) [1]? There's nothing inherently fraudulent about asset-liability mismatches. From a certain perspective, that describes every corporate bond issuance.
Like an exchange-traded note (ETN) [1]? There's nothing inherently fraudulent about asset-liability mismatches. From a certain perspective, that describes every corporate bond issuance.
[1] http://www.investopedia.com/terms/e/etn.asp