Forex Wealth Management products popular

As global economic prospects gradually improve, expectations over interest rate hikes are on the rise and foreign exchange based products are becoming popular again.

In a Merchant Bank outlet, staff say their fixed rate products are selling very well. The products mainly invest in the bond market and the monetary market where risks are low.

Investor, said, "Stocks and funds are risky. Forex products looks stable and saves me worries. So I bought some forex products."

Li Ping, Retail Product Manager of Merchants Bank Beijing Branch, said, "The fixed income forex wealth management product sells very well. It's fixed return is 0.95 percent in 180 days, better than the US dollar half year saving's rate 0.75 percent. "

At Bank of China, an Australian dollar based product's return rate has reached 2.3 percent in three months, due to recent Australian interest rate hikes. Australian dollar holders are attracted by the product.

Investor, said, "I saved some Australian dollars before. Now I think I should buy some wealth management product so that I can have higher return. "

Banks in China offered more forex wealth management products in September and October than in August. US dollar based products take up half of the market. New products this week offered 0.5 percent to 1.5 percent higher return than previous ones.