Wednesday, January 20, 2021
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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The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...