WMPs.

[randomness]

I feel like writing a post on Wealth Management Products (理财产品) in China, but the fact that they've been called Weapons of Mass Ponzi probably tells you much of what you need to know.

The Chinese central government is trying to clamp down on the things, but as this blog comment points out, there are issues.

Comments

[achinhibitor.livejournal.com]

Wealth Management Products (理财产品)

Do you mean "stealing from people who have too much money, too few brains, and don't know what to do with either"?

Hmmm.... "Confucius says, 'Money that chases high yields combined with safety will find neither.'"