Wednesday, January 20, 2021
Tags Chinese wealth management

Tag: Chinese wealth management

Bank of Hangzhou Becomes First Municipal Lender to Obtain Approval for Wealth Management Subsidiary

Bank of Hangzhou has just become the first municipal commercial bank in China to garner approval from regulators for its own wealth...

Over One Fifth of Chinese Netizens Use Online Wealth Management Services

A new report on China's online wealth management sector indicates that the number of clients on the market has already exceeded 170...

Bank of China’s Wealth Management Vehicle Grabs Approval to Commence Operation

Big state-owned lender Bank of China has just garnered approval from Chinese regulators for its wealth management vehicle to commence operations.

Industrial Bank Becomes Third Joint-stock Commercial Bank Approved for Wealth Management Subsidiary

China's banking regulator has given its approval for a third joint-stock commercial bank to prepare to establish its own wealth management subsidiary....

Bank of Communications Completes Industrial and Commercial Filing for Wealth Management Subsidiary

One of China's leading state-owned leaders has completed a key registration procedure for its wealth management subsidiary.

All of China’s Big Six Banks Greenlit for Wealth Management Subsidiaries Following PSBC Approval

Postal Savings Bank of China (PSBC) has become the last of the six big state-owned lenders to obtain approval for the establishment...

ICBC, China Construction Bank Grab Approval for Wealth Management Subsidiaries to Operate

Two of China's leading state-owned lender have obtained approval from the banking regulator for their wealth management subsidiaries to commence operation.

Everbright and China Merchants Bank Garner Approval for Wealth Management Subsidiaries

China Everbright Bank and China Merchants Bank have both grabbed approval from Beijing to launch their own wealth management subsidiaries.

Interbank Wealth Management Balance Drops 80% Compared to 2016

China's interbank wealth management balance has seen its second consecutive year of decline amidst Beijing's financial deleveraging campaign.

15 Chinese Banks Fined 7.5M Yuan as Wealth Management Infractions Targeted

The Chinese banking regulator has slapped over a dozen lenders with a slew of fines for regulatory infractions, focusing in particular upon...

Most Read

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...