Mounting losses in China's risky structured funds have highlighted the impact the A-share crash has had on investors. China's central bank last night cut interest rates and the reserve requirement ratio.
China’s structured funds have been suffering from significant losses due to their leverage and volatile A-share prices. Market observers say tighter listing rules and more investor education is urgently needed.
And, in another move, the bank outsources management of a CDO to Lion Capital in Singapore.