Wednesday, January 20, 2021
Tags Chinese wealth management

Tag: Chinese wealth management

Ant Financial Teams up with Vanguard to Provide Financially Inclusive Wealth Management Services from Just 800 Yuan

Alibaba-backed fintech giant Ant Financial and US asset manager Vanguard have obtained approval from China's securities regulator for a joint-venture that will...

Postal Savings Bank of China Opens Wealth Management Subsidiary

One of China's big six state-owned banks has opened its own wealth management subsidiary.

Everbright Bank’s Wealth Management Unit Grabs Approval to Commence Operation

China Everbright Bank has become the first joint-stock bank in China to obtain approval from the Chinese banking regulator to commence operation...

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...

Huishang Bank Grabs Approval for Wealth Management Subsidiary

A leading regional lender has obtained approval from the Chinese authorities to establish its own wealth management subsidiary.

Chinese Banks Accelerate Shift from Principal-Guaranteed to Net-Value Wealth Management Products

Chinese banks are accelerating their shift away from principal-guaranteed wealth management products (WMP) to net-value WMP's over a year after Beijing's banning...

Agricultural Bank of China Becomes Fifth Big Lender to Obtain Approval for Wealth Management Operations

Big six state-owned lender Agricultural Bank of China (ABC) has become the latest member of the Chinese banking sector to obtain approval...

Du Xiaoman Financial to Help China Everbright Set up Fintech-Assisted Wealth Management Subsidiary

Baidu fintech spin-off Du Xiaoman Financial (度小满金融) will help commercial lender China Everbright Bank to set up a wealth management subsidiary with...

China’s Robo-advisory Market Expected to Reach 737.05B Yuan by 2022: Lufax White Paper

Ongoing fintech advances are expected to drive the size of the Chinese market for artificial intelligence-assisted wealth management to over 737 billion...

Bank of Ningbo Becomes Second Municipal Lender to Grab Approval for Wealth Management Subsidiary

Bank of Ningbo has become the second municipal commercial bank in China after Bank of Hangzhou to obtain approval from regulators for...

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Chinese Central Bank Hails Eradication of P2P Lending, “Orderly Disposal” of High-risk Financial Institutions

The People's Bank of China (PBOC) has highlighted the removal of all of the country's P2P lending platforms in 2020 as part...

NDRC Flags Active Fiscal Policy, Increased Spending on New Infrastructure in 2021

China's chief planning authority has outlined a raft of its policy intentions for 2021, as the national economy continues to recover from...

China’s GDP Breaches 100 Trillion Yuan Threshold after Posting 2.3% Growth in 2020, Disposable Income up 4.7%

Official data points to growth of over 2% in Chinese GDP in 2020 despite the adverse economic impacts of the COVID-19 pandemic....

China Bans Banks from Selling Depository Products via Third Party Online Platforms

Beijing has issued a new directive which further steps up pressure on the sale of depository products via online fintech platforms, after...