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Tuesday, November 24, 2020
Tags Chinese asset management

Tag: Chinese asset management

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.

China Allows Financial Asset Investment Companies to Engage in Asset Management Operations

China's banking authority has just issued a new directive giving the green light for financial asset investment companies to undertake asset management...

CBIRC Releases New Asset Management Rules for Insurance Sector

China's insurance authority has released new regulations for asset management products in the insurance sector.

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Digital Renminbi Will Break Big Data Monopolies, Replace All Forms of Traditional Money: Bank of China Senior Exec

A former senior executive with one of China's big six state-owned banks has highlighted the major impacts that the digital renminbi will...

China’s Per Capita Income to Leap 56 Places in Global Rankings by 2025, Exceed USD$25,000

China's global ranking in terms of per capita incomes is expected to surge over the next half-decade according to data from Bloomberg...

China’s Leading Economists Calls for Maintaining COVID-19 Stimulus Measures

Leading economics figures in China have signalled the maintenance of robust monetary and fiscal stimulus policies in the wake of the COVID-19...

Digital Yuan Will Account for 15% of All Consumer Payments within a Decade, Give Banks Fighting Chance against Fintech Rivals: Goldman Sachs

A report from Goldman Sachs says that increasing use of China's central bank digital currency (CBDC) could help banks to withstand the...