Sunday, January 24, 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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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.