Friday, April 16, 2021
Tags Chinese bank WMP's

Tag: Chinese bank WMP's

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...

Investment in Bank WMP’s by China’s Listed Companies Hits Near 5-Year High

The purchase of bank wealth management products (WMP's) by listed companies in China has hit its highest level in nearly five years, despite ongoing...

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CBIRC Drafting New Regulations on the Sale of Life Insurance, Targets Live Streaming E-commerce

The China Banking and Insurance Regulatory Commission (CBIRC) has announced that it is in the process of drafting new regulations governing the...

Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...