Tuesday, May 18, 2021
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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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...