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Thursday, November 26, 2020
Tags Wealth management products

Tag: Wealth management products

Wealth Management Product Yields Edge Lower in July as Liquidity Improves

Yields on wealth management products in China have seen modest declines since the start of July, as the central bank adopts measures to shore...

Channel Financing Surges in Tandem with China’s Asset Management Boom

Surging growth in China's asset management market has given the shadow banking sector ample opportunity to engage in "channel financing," prompting regulators to push...

Banks Covertly Expanding Debt Via Wealth Management Products: Chinese Central Bank

People's Bank of China vice-governor and head of the Banking Accounting of Society of China Ma Delun has declared that wealth management products are...

Wealth Management Yields Ride High As Chinese Banks Scramble for Cash

Returns on wealth management products continue to rise as banks vie against each other for scarce funds amidst China's ongoing deleveraging campaign. The Economic Observer reports that...

Chinese Banks Compete Against Wealth Management Products Using Gifts

A surge in the returns offered for short-term wealth management products has compelled some banks to compete for the funds of clients by providing...

Big Banks Withdraw from Wealth Management Products

A new report on China's wealth management products indicates that the big state-owned lenders have dialled down their activity in this key segment of the shadow banking...

Interbank WMP Balance Doubled in 2016

While the latest official data indicates that the interbank wealth management product balance doubled in 2016, observers say that the era of surging growth is over...

Financial Regulators Step Up Scrutiny Of Wealth Management Products

Chinese financial authorities have stepped up their scrutiny of wealth management products via the introduction of new provisions that require the registration and disclosure of asset information on a...

CBRC to Introduce 46 New Legislative Items Over the Next Year

The latest legislative work plan released by China's banking regulator flags the introduction of 46 new statutory items over the upcoming year, as part of an...

Wealth Management Products Enjoy Boom Amongst Listed Concerns

A key segment of China's shadow banking sector is enjoying booming popularity amongst listed concerns as they strive to shore up incomes amidst easing economic growth. The latest...

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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...