Saturday, February 27, 2021
Tags Chinese wealth management

Tag: Chinese wealth management

China Advances Cross-border Wealth Management Connect Initiative in Greater Bay Area

The Chinese government has issued a new directive to advance trials for a wealth management connect initiative linking the mainland market with...

JPMorgan Mulls Wealth Management Venture with China Merchants Bank

Wall Street bank JPMorgan Chase & Co. plans to launch a new wealth management joint-venture in China with the country's largest private...

CBIRC Puts Kibosh on Sale of Bank Wealth Management Products via Online Channels

The wealth management vehicles of Chinese banks will be excluded from selling their products via online platforms following the launch of a...

Zheshang Bank Plans to Invest 2B Yuan in Launch of Fully Invested Wealth Management Subsidiary

Regional lender China Zheshang Bank hopes to join the ranks of Chinese banks that operate their own wealth management subsidiaries.

France’s Amundi Launches China’s First Foreign-invested Wealth Management JV

The first Sino-foreign joint-venture in the Chinese wealth management sector has just officially commenced operation in Shanghai.

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)...

China Host to 21 Bank Wealth Management Subsidiaries Investing 14 Trillion Yuan in Bonds

The latest official data indicates that the wealth management subsidiaries of Chinese banks have emerged as major investors in the domestic capital...

Ping An Bank, Bank of Nanjing, Bank of Jiangsu Grab Approval for Wealth Management Subsidiaries to Commence Business

Chinese authorities have just given their approval for several banks to kick start their wealth management subsidiaries.

Greater Bay Area on Track to Launch Wealth Management Connect Trials

The monetary authorities for the Guangdong-Hong Kong-Macau Greater Bay Area have unveiled plans to launch trials for allowing cross-border investment in asset...

China CITIC Bank Grabs Approval to Commence Wealth Management Operations Via Subsidiary

Joint-stock lender China CITIC Bank has just grabbed approval from regulators for its wealth management subsidiary to commence operation.

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Xi Jinping Hails “Complete Victory” in China’s Efforts to Eradicate Extreme Poverty

Chinese President Xi Jinping has publicly hailed the success of China's efforts to eradicate extreme poverty in the country's rural countryside.

Ant Group Plans to Merge Huge Micro-Loan Business with New Consumer Finance Unit: Sources

Chinese fintech giant Ant Group reportedly plans to incorporate its highly lucrative micro-loan operations into a new consumer finance unit, in order...

World’s Biggest Bank to Welcome 30 Year Veteran of China Construction Bank as President

China and the world's biggest bank in terms of assets is set to welcome a 30-year veteran of another big state-owned lender...

Tencent Cloud Helps Guangzhou Rural Commercial Bank to Create Full Stack Financial Cloud Platform

The cloud subsidiary of tech giant Tencent has helped one of the leading regional banks in Guangdong province to develop its own...