Sunday, October 25, 2020
Tags Chinese bank wealth management products

Tag: Chinese bank wealth management products

Over Half of Bank Wealth Management Products Shift to Net Value Model Since Launch of 2018 Asset Management Rules

The launch of new asset management rules in February 2018 has led to a major shake up for wealth management products (WMP's)...

Net Values of over 20 Bank Wealth Management Products Drop Below 1

At least twenty bank wealth management products (WMP) in China have seen their net values sink beneath their original principal amount.

Huaxia Bank Obtains Approval to Establish Wealth Management Subsidiary

Commercial lender Huaxia Bank has obtained approval from Chinese regulators to establish its own wealth management subsidiary.

Huishang Bank Grabs Approval for Wealth Management Vehicle to Commence Business

Huishang Commercial Bank (徽商银行) has become the first Chinese bank to grab approval for its wealth management subsidiary to kick off operations...

China’s Bank Wealth Management Product Balance Drops 16.13% YoY in 2019

PY Standard has just released its report on the state of the bank wealth management product (WMP) sector in China in 2019....

Returns on Chinese Bank Wealth Management Products Drop to 39 Month Low in February

Returns on wealth management products (WMP's) offered by Chinese banks have plunged to a more than three-year low as the economy continues...

Bank of Hangzhou Becomes First Municipal Lender to Obtain Approval for Wealth Management Subsidiary

Bank of Hangzhou has just become the first municipal commercial bank in China to garner approval from regulators for its own wealth...

Jumbo CD’s Heat up as Yields for Bank WMP’s Continue to Decline

Large-denomination certificate of deposit (CD) are providing increasingly robust returns as yields on bank wealth management products (WMP's) continue to decline.

Bank Wealth Management Products Exceed 23T Yuan, 18 Lenders Account for Nearly 80%

A new report points to the dominance of nationwide lenders in China when it comes to bank wealth management products.

Returns on Bank Wealth Management Products Hit 21 Month-Low

The returns on bank wealth management products (WMP's) in China hit a 21-month low in the first week of December. Data from Rong360 indicates that...

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Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...