Tuesday, January 19, 2021
Tags Wealth management products

Tag: Wealth management products

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...

Chinese Investment Banks Required to Register Info on WMP Investors

Investment banks in China are now required to file detailed information on investors in the wealth management products (WMP) that they provide. China's Banking Sector...

Growth in Chinese Household Deposits Drops from 18% to 7% since 2008

The latest official data points to a sharp decline in the growth rate of Chinese household deposits over the past decade-long period as gains...

Yields on Bank WMP’s Slide, Issuance of Net Value Products Surges

Yields on bank wealth management products (WMP) have seen a sharp decline less than two months after the release of new asset management regulations...

Banks Use Principal-guaranteed Structured Deposits As Replacements for WMP’s

Chinese banks continue to make increasing use of structured deposits as a means of shoring up funding sources, following the launch of new asset...

Chinese Banks Step up Client Risk Scrutiny Following Launch of New Asset Management Rules

Chinese banks are intensifying their monitoring of the risk bearing capacity of clients following the launch of new asset management regulations that target the...

Will China’s Large Denomination CD’s Rival Wealth Management Products?

Rates for China's large denomination CD's have risen considerably since the signalling of further interest rate reforms by central government regulators, making them a...

China’s New Asset Management Rules Tackle Moral Hazard of Implicit Guarantees

New asset management regulations promise to shake up China's financial sector by targeting the implicit guarantees and associated moral hazard of popular investment vehicles...

Interest Reforms Could See Jumbo CD’s Replace Wealth Management Products

Analyst says large-denomination certificates of deposit could replace wealth management products as the vehicle of choice for banks to obtain funds following the launch...

Wealth Management Products Post First Yield Decline in a Year

The average expected yields for wealth management products (WMP) sold by banks in China posted their first on-month decline in 12 months in March. Data...

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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...