Wednesday, April 14, 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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Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor

The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...

Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...