ICBC Becomes Fifth Big State-owned Bank to Obtain Approval for Wealth Management Subsidiary
The world’s biggest bank in terms of assets has become the fifth major state-owned lender in China…
Chinese wealth management
Tencent’s Surging Fintech Growth Driven by Online Wealth Management
Online wealth management has emerged as a mainstay fintech operation for one of China’s leading tech giants.
PBOC Wants Bank Wealth Management Subsidiaries to Play Greater Role in Equity Financing
Senior officials from the Chinese central bank have expressed their hopes that the wealth management subsidiaries established…
CBIRC Gives Four Big State-owned Banks Approval for Wealth Management Subsidiaries
China’s banking regulator has green lighted the launch of wealth management subsidiaries by four of the country’s…
Bank of China and CCB Garner Approval for Wealth Management Subsidiaries
Two of China’s big four state-owned banks have obtained approval from Beijing to launch their own wealth…
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…
New Rules for Bank Wealth Management Subsidiaries Permit Direct Investment in Shares
New regulations governing the wealth management subsidiaries founded by Chinese banks promise to have a far-reaching impact…
China Construction Bank Becomes Second Big Four Lender to Launch Wealth Management Subsidiary
China Construction Bank (CCB) has joined the ranks of Chinese lenders with plans to establish their own…
