Saturday, October 24, 2020
Tags Chinese wealth management products

Tag: Chinese wealth management products

China Host to 21 Bank Wealth Management Subsidiaries Investing 14 Trillion Yuan in Bonds

The latest official data indicates that the wealth management subsidiaries of Chinese banks have emerged as major investors in the domestic capital...

Issuance of Bank Wealth Management Products Drops over 47% in 2020, Taps 10-Year Low in August

The issuance of bank wealth management products (WMP's) in China has plunged since the start of 2020, with returns on the instruments...

Shanghai Pudong Development Bank Grabs Approval for Wealth Management Subsidiary

Municipal lender Shanghai Pudong Development Bank (SPDB) has just obtained approval for the establishment of its own wealth management subsidiary.

Transitional Period for China’s New Asset Management Rules Extended to End of 2021 Due to COVID-19

The Chinese central bank has extended the transitional period for new asset management rules first launched at the start of 2018 until...

Tsinghua University Report Calls for China to Extend Transitional Period for New Asset Management Rules until 2022

A new report from the Chinese central bank's finance school has called for an extension of the transitional period for key asset...

China CITIC Bank Grabs Approval to Commence Wealth Management Operations Via Subsidiary

Joint-stock lender China CITIC Bank has just grabbed approval from regulators for its wealth management subsidiary to commence operation.

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.

CBIRC Commits to Further Squeeze on Shadow Banking Following 16 Trillion Yuan Decline

The China Banking and Insurance Regulatory Commission (CBIRC) has committed to further efforts to stymie the country's shadow banking sector in the...

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...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

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...