Sunday, October 25, 2020
Tags Chinese bank wealth management

Tag: Chinese bank wealth management

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.

CBIRC to Set 500M Yuan Minimum on Net Capital of Bank Wealth Management Subsidiaries

The China Banking and Insurance Regulatory Commission (CBIRC) plans to set a new minimum on the net capital of bank wealth management...

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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...