Investors shrug off risk concerns to pursue higher returns
By Xie Yu in Shanghai | China Daily | Updated: 2013-06-21 07:32
Signs of a winding down of the United States' monetary easing program may have raised concern in many developing markets about a massive outflow of hot money into US securities.
But in China, investors and consumers are rushing to sign up to an online payment platform that invests customers' money in what it describes as "low risk, high return" currency funds.
Such funds are structured by banks to invest mainly in higher-yielding corporate and local government bonds.
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