Friday, January 22, 2021
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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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.