Tuesday, January 26, 2021
Tags Chinese bank WMP's

Tag: Chinese bank WMP's

Banking

Transitional Period for China’s New Asset Management Rules Extended to End of 2021 Due to COVID-19

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The Chinese central bank has extended the transitional period for new asset management rules first launched at the start of 2018 until...
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Banking

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

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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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Most Read

Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Fintech CBNEditor - 0
Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...
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Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

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The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...
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Chinese Banks See Net Profits Decline 1.8% in 2020

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China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....
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Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

Fintech CBNEditor - 0
A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...
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