Wednesday, January 20, 2021
Tags Chinese wealth management

Tag: Chinese wealth management

Bank Wealth Management Products Exceed 23T Yuan, 18 Lenders Account for Nearly 80%

A new report points to the dominance of nationwide lenders in China when it comes to bank wealth management products.

ICBC Becomes Fifth Big State-owned Bank to Obtain Approval for Wealth Management Subsidiary

The world's biggest bank in terms of assets has become the fifth major state-owned lender in China to obtain approval from Beijing...

Tencent’s Surging Fintech Growth Driven by Online Wealth Management

Online wealth management has emerged as a mainstay fintech operation for one of China's leading tech giants.

PBOC Wants Bank Wealth Management Subsidiaries to Play Greater Role in Equity Financing

Senior officials from the Chinese central bank have expressed their hopes that the wealth management subsidiaries established by China's commercial lenders will...

CBIRC Gives Four Big State-owned Banks Approval for Wealth Management Subsidiaries

China's banking regulator has green lighted the launch of wealth management subsidiaries by four of the country's big state-owned lenders. On 4 January the China...

Bank of China and CCB Garner Approval for Wealth Management Subsidiaries

Two of China's big four state-owned banks have obtained approval from Beijing to launch their own wealth management subsidiaries. In mid-November Bank of China became...

Returns on Bank Wealth Management Products Hit 21 Month-Low

The returns on bank wealth management products (WMP's) in China hit a 21-month low in the first week of December. Data from Rong360 indicates that...

New Rules for Bank Wealth Management Subsidiaries Permit Direct Investment in Shares

New regulations governing the wealth management subsidiaries founded by Chinese banks promise to have a far-reaching impact upon the 20 trillion yuan bank wealth...

China Construction Bank Becomes Second Big Four Lender to Launch Wealth Management Subsidiary

China Construction Bank (CCB)  has joined the ranks of Chinese lenders with plans to establish their own wealth management subsidiaries. On 16 November CCB issued...

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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...