Wednesday, January 27, 2021
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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Chengdu to Issue 50M Yuan in Digital Renminbi via Record-sized Lottery

The Sichuan province capital of Chengdu is the latest Chinese city to stage trials for the issuance of the digital renminbi via...

Automaker Geely Establishes Fintech Investment Vehicle

Privately held automaker Zhejiang Geely Holding Group (浙江吉利控股集团有限公司) is seeking to expand its presence in the fintech sector with the launch of...

China Authorises 530,000 Patents in 2020, Patent Pledge Financing Rises over 43% YoY

The China National Intellectual Property Administration (CNIPA) says it approved 530,000 patents in 2020, bringing the total number of domestic patents in...

Shanghai Pudong Development Bank Opens Fintech Research Facility in Singapore to Focus on Blockchain, AI and API Development

Municipal lender Shanghai Pudong Development Bank (SPD Bank) has become the first joint-stock bank in China to establish an innovation centre...