Bank wealth management products weather the storm

Wealth management products offered by banks in China have managed to perform well despite the global economic downturn.

A report by Chinese financial consulting firm Benefit Wealth said 88.13 percent of the 598 wealth management products that matured in March reached their projected returns, while only 10.2 percent fell short of their targets.

Although 24 structured wealth management products from 12 different banks had failed to deliver on their targeted returns, only two actually suffered losses, the report said. Another 16 out of these 24 products produced zero returns.