Prompted by lower interest rates on long-term bank deposits, Gong Jie, who works for an export firm in Shanghai, recently decided to invest half her savings in technology-focused mutual funds.“A three-year deposit of mine at Industrial and Commercial Bank of China (ICBC) matured a month ago, but the current rates have almost halved from three years ago,” she said. “Normally, I would not put this capital into wealth management products due to risk concerns. Life insurance products used to be my...