Saw on Xiaohongshu that Zhejiang Financial Asset Exchange's 60 billion RMB wealth management product has defaulted.



It's quite lamentable because a former colleague used this wealth management product. Not sure if they managed to withdraw, the annualized return was only 4%.

People on Xiaohongshu are all saying that the government will step in and resolve it in one go.

It's only right that this kind of thinking gets taken advantage of.

If the government could backstop everything, Evergrande and Vanke wouldn't go bankrupt.

People always have to pay for their own cognitive choices.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)