FT says that "China’s zero-Covid retreat sparks wealth management product sell-off"

The Financial Times is gated, but here is the link if you can access it:

China’s zero-Covid retreat sparks wealth management product sell-off

• Vicious circle as fund managers are forced to sell holdings to satisfy wave of redemptions

There are reports of withdrawals being frozen amidst a rush for redemptions.

---

In other China news:

• China's National Bureau of Statistics will cancel its November press conference scheduled for 10 am on Thursday, will release the November economic indicators online instead
• China is to offer a second COVID-19 Covid-19 Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Covid-19 or the novel Coronavirus is a pandemic that has yielded wide ranging economic turmoil and volatility across financial markets in 2020. The first cases of Covid-19 were reported in Wuhan, China in late 2019. Since then, the virus has expanded globally, infecting millions worldwide. The virus has been extremely controversial, namely in the United States, which became heavily politicized during the 2020 presidential election. The Covid-19 pandemic is completely unprecedented in modern ti Read this Term booster for high-risk people, The National Health Commission says the second COVID vaccine booster dose can be given to high-risk groups and elderly people over 60 years old. The gap between the two shots is 6 months.