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Bank of Ningbo given greenlight to set up wealth management unit
Bank of Ningbo, a city commercial bank based in Ningbo of east China's Zhejiang Province, has been approved to establish a subsidiary focusing on wealth management.
July04,2019
Wealth products become key investor in China's financial market
China's wealth management products have become an important investor in the country's financial market, according to a statement on the website of the China Banking and Insurance Regulatory Commission (CBIRC).
March04,2019
China greenlights two leading banks to open wealth management units
China's banking and insurance regulator has given two of the country's biggest lenders the go-ahead to set up wealth management subsidiaries.
January07,2019
Wealth management center likely to be set up in sub-center of Beijing
Beijing is planning to create a wealth management center in Tongzhou District, the sub-center of Beijing, to facilitate wealth management development and improve the attraction of the sub-center.
December03,2018
China's leading banks to set up wealth management subsidiaries
The Industrial and Commercial Bank of China (ICBC) and the Agricultural Bank of China (ABC), both among China's largest lenders, announced Monday that they would establish subsidiaries focusing on wealth management business.
November27,2018
China's post-90s generation outstands for their stronger financial awareness
China's post-90s generation (those who were born in the 1990s) has shown stronger awareness of financing planning, according to the 2018 China Rising Affluent Well-being Index.
July25,2018
China banks’ Apr. WMP insurance down 20.42pct on mon., report
Banks in China issued a total of 10,849 wealth management products (WMPs) in April, down 20.42 percent or 2783, compared with a month earlier, according to data from the Rong360.com, a mobile financing platform.
May16,2018
BoCom wealth climate index gains
The wealth climate index released by Bank of Communications (BoCom) gained in January as households were more optimistic about income growth.
February07,2018
China slows wealth management product issuance amid tightened regulation: report
China's banking sector has seen moderated growth in the issuance of wealth management products (WMPs) as the country stepped up efforts to contain risks in the financial industry, a report showed.
June12,2017
Wealth climate index falls in May: report
The Climate Index of China's Wealth released by Bank of Communications (BOCOM) fell in May due to greater employment pressure and lower household investment returns, a BOCOM report showed Wednesday.
June08,2017
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