Tuesday, March 9, 2021
Tags Chinese asset management

Tag: Chinese asset management

Wealth Management Products Bring $154.5 Billion in Returns to Chinese Investors in 2020, Retail Investors and Net Value Products Predominate

Chinese investors reaped greater returns from wealth management products (WMP's) in 2020 despite the adverse economic impacts of the COVID-19 pandemic.

CBIRC to Push Chinese Wealth Management Companies to Lift Equity Investments, Allow Insurance Funds to Buy ChiNext, STAR Market Stocks

The China Banking Regulatory and Insurance Commission (CBIRC) has flagged efforts to push bank wealth management vehicles to lift their share of...

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)...

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...

PBOC Official Calls for Asset Management Sector to Step up Equity Allocations, “Dismantle” Shadow Banking

Central bank deputy governor Fan Yifei (范一飞) has called for the asset management sector in China to expand its allocations to equity...

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...

Ant Group’s Financial Inclusion Venture with Vanguard Sees Chinese Clients Rise to 200,000

The investment advisory joint-venture between Chinese fintech giant Ant Group and Pennsylvania's Vanguard has already acquired 200,000 clients during its first 100...

Greater Bay Area on Track to Launch Wealth Management Connect Trials

The monetary authorities for the Guangdong-Hong Kong-Macau Greater Bay Area have unveiled plans to launch trials for allowing cross-border investment in 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.

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Trust Companies Sees 20% Profit Drop Amidst Squeeze on Chinese Shadow Banking

The trust sector in China posted a sharp decline in both profits and asset scale in 2020 as regulators stepped up the...

Chinese Banks Issue 52 Billion Yuan in Financial Inclusion Bonds Since Start of 2021

Commercial banks in China have continued to issue special bonds to raise funds for lending to small businesses since the start of...

China’s Foreign Trade in Goods Surges 32.2% Since Start of 2021

China saw a surge in imports and exports of goods in the first two months of 2021 as the economy continued to...

China Sets GDP Growth Target of over 6% for 2021, Aims to Create More than 11 Million New Urban Jobs

The Chinese central government has unveiled a slew of official targets for economic development in 2021.