Top 7 affects of rate cut on people's life

Updated: 2014-11-25 07:35

(chinadaily.com.cn)

6. Yield for wealth management products to drop

Most wealth management products (WMPs) abide by floating rates, therefore the rate cut is expected to diminish the WMP returns.

Top 7 affects of rate cut on people's life

A pedestrian walks past an advertisement for wealth management products of China Merchants Bank in Yichang city, central Chinas Hubei province, June 19, 2014. [Photo/IC]