Tuesday, May 18, 2021
Tags Wealth management products

Tag: Wealth management products

New Asset Management Rules Will Boost Fortunes of Net Asset Value WMP’s

The launch of China's new asset management regulations is expected to spur the issuance of net asset value wealth management products (WMP's) by domestic...

Shadow Banking in China is Becoming More Interconnected and Complex: BIS

A new working paper from the Bank for International Settlements points to the increasing complexity of China's shadow banking sector as it undergoes key...

Growth in Wealth Management Products Plunges to 1.69%

Growth in the value of the wealth management products sold by Chinese banks has posted a precipitous decline following the central government's launch of...

Chinese Banks Deny Calling for Asset Management Curbs to be Dialled Down

The peak industry for China's banking sector has denied reports that it called for the country's central bank to moderate new guidelines designed to...

Beijing Has Second Thoughts About Asset Management Regulations

In the wake of concerns that its new asset management guidelines could imperil financial stability, the China Banking Regulatory Commission has announced that it...

Chinese Banks Say New Asset Management Rules Imperil Financial Stability

A slew of Chinese banks have raised concerns about the central bank's introduction of tighter regulations governing the asset management sector, on the grounds...

China Minsheng Bank Hit with $4.2mn Fine for Selling 3bn Yuan in Fake Wealth Management Products

One of China's leading private banks has been hit with a heavy fine for the issuance of fake wealth management products to clients. China Minsheng...

Will Crackdown on Asset Management Sector Destabilize Chinese Finance?

China's latest move to deleverage the economy and crack down on the shadow banking sector could prove to have too much of a destabilising...

Purchase of Wealth Management Products by China’s Listed Concerns Hits Record High

Investment by listed companies in the wealth management products that are considered an integral part of China's shadow banking sector have expanded to an...

Shadow Banking Crackdown Shrinks Interbank Lending and Wealth Management Products

Little more than six months after taking the top position with the China Banking Regulatory Commission, Guo Shuqing's crackdown on the financial sector appears...

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China’s Commercial Banks See YoY Profit Growth of 2.4% in First Quarter, NPL Ratio Eases to 1.8%

The latest official data points to modest growth in the net profits of the Chinese commercial banking sector in the first quarter...

ICBC Tops Forbes List of World’s 2000 Leading Public Companies for Ninth Consecutive Year

China biggest bank in terms of assets has once again topped the Forbes Global 2000 list of the world's leading public companies....

PBOC Undertakes 100 Billion Yuan in 1-year MLF Operations on 17 May, Rates Remain Unchanged

The People's Bank of China (PBOC) undertook 100 billion yuan in medium-term lending facility (MLF) operations on 17 May, alongside 10 billion...

Huawei Wants to Drive China’s Transformation into the World’s Digital Leader

Chinese telecoms giant Huawei has committed to a major overhaul of its cooperative partnership ecosystem as part of efforts to transform China...