Tuesday, April 20, 2021
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Tag: WMPs

CBIRC Slashes Threshold for WMP Investment, Calls for Banks to Strengthen Risk Awareness

China's banking regulator has launched new rules which dramatically reduced the minimum threshold for investment in wealth management products (WMP's). On 28 September the China...

Chinese Banks Step up Client Risk Scrutiny Following Launch of New Asset Management Rules

Chinese banks are intensifying their monitoring of the risk bearing capacity of clients following the launch of new asset management regulations that target the...

Will Crackdown on Asset Management Sector Destabilize Chinese Finance?

China's latest move to deleverage the economy and crack down on the shadow banking sector could prove to have too much of a destabilising...

Purchase of Wealth Management Products by China’s Listed Concerns Hits Record High

Investment by listed companies in the wealth management products that are considered an integral part of China's shadow banking sector have expanded to an...

Wealth Management Product Issuance Slowed by Regulatory Crackdown

The issuance of wealth management products, a key staple of the Chinese shadow banking sector, has slowed in the wake of a crackdown on...

Financial Regulators Step Up Scrutiny Of Wealth Management Products

Chinese financial authorities have stepped up their scrutiny of wealth management products via the introduction of new provisions that require the registration and disclosure of asset information on a...

CBRC to Introduce 46 New Legislative Items Over the Next Year

The latest legislative work plan released by China's banking regulator flags the introduction of 46 new statutory items over the upcoming year, as part of an...

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...

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The vice-president of one of China's big six state-owned banks is tipped to assume the role of chairman of a leading regional...

Chinese Central Bank Researching New Cryptocurrency and Stablecoin Regulations

The People's Bank of China (PBOC) says it is currently in the process of drafting new measures for the regulation of cryptocurrencies...

China Launches Digital Renminbi Trials in 11 Cities, Stages Seven Digital Renminbi Lotteries in Year Following Start of Testing

Pilot schemes for use of the Digital Renminbi have spread to at least ten cities around China a year following the commencement...

Chinese Central Bank Commits to More Policy Support for Carbon Targets, Warns of Risk Arising from Transition Away from Fossil Fuels

The People's Bank of China (PBOC) has reiterated its commitment to green finance initiatives as part of efforts to satisfy the country's...