Wednesday, October 28, 2020
Tags WMP

Tag: WMP

Will Regulators Target Switch from WMP’s to Structured Deposits by Banks?

Chinese state media points to the possibility that financial regulators could target other investment products provided by banks such structured deposits, following the launch...

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...

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...

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Fake Digital Renminbi Wallets Have Already Emerged on the Chinese Market: Chinese Central Bank

Chinese regulators are already contending with the appearance of fake wallets for the statutory digital currency which is currently undergoing trial operation...

Jack Ma’s Ant Group Valued at over $313 Billion by IPO Pricing

The pricing for Ant Group's upcoming IPO in Hong Kong and Shanghai puts the value of the fintech giant at 2.1 trillion...

Yangtze River Delta Digital Financial Data Centre Will Issue Digital Renminbi

A new fintech institution launched in the eastern Chinese economic hub of the Yangtze River Delta will play a key infrastructure role...

Digital Renminbi Could Evolve into Global Currency: Ex-Bank of China Chief

Li Lihui (李礼辉), the former head of the Bank of China, believes that the development of the digital renminbi could pave the...