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Thursday, November 26, 2020
Tags Wealth management products

Tag: Wealth management products

Chinese Shadow Banking Sector Surged 21% in 2016: Moody’s

A new study from Moody's points to surging growth in China's shadow banking sector, which skyrocketed by more than a fifth in 2016. Ratings agency Moody's...

Minsheng Bank Scandal Highlights Wealth Management Product Risks

A major fraud scandal in Beijing has highlighted inadequacy of risk controls in China's banking sector when it comes to the multi-trillion yuan wealth management...

CBRC Reins in Wealth Management Boom

China's booming market in wealth management products is coming under pressure from regulators concerned about its contribution to the shadow banking sector. Growth in the wealth management product market...

CBRC Flags Crackdown on Wealth Management Products

China's banking regulator has flagged increased scrutiny of the country's wealth management products in the wake of a 3 billion yuan fraud scandal, as...

New Details on China Minsheng 3bn Yuan Counterfeit Wealth Product Scandal

Further details have emerged in relation to the defrauding of high-end Beijing banking clients by the head of a China Minsheng branch who made use of...

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One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...