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Thursday, November 26, 2020
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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Structured Deposits of Chinese Banks See Record Drop of over 1 Trillion Yuan in October

Structured deposits at Chinese banks have posted a record monthly drop for 2020 in October after rising to unprecedented levels earlier in...

Ningbo Launches Trials of Blockchain-driven Insurance Claims System

The Zhejiang-province port city of Ningbo has kicked off trials for the use of blockchain technology to automate the processing of insurance...

PBOC Steps up Pressure on Chinese Payments Platforms with Doubling of Penalty Amounts

The Chinese central bank has heightened its scrutiny of the payments sector with a sharp increase in the value of penalties imposed...

China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...