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  • November 27, 2014
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Results 1 - 9 of 9 for sovereign wealth fund

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  1. Business - Banking & Finance - REGULATION

    Mainland banks resist CBRC edict on pooling of wealth products

    Posted Jul 15th 2014, 01:31am by DON WEINLAND

    ... months and an annualised return of more than 5 per cent for many wealth management products, banks pool them and draw off from new funds to pay back investors. Pooling products hides the true ... wealth-product rules Mainland banks have continued to pool wealth management products despite attempts from the banking regulator to stop the risky practice, analysts said. The underlying assets to which ...

    http://www.scmp.com/business/banking-finance/article/1554324/mainland-banks-resist-cbrc-edict-pooling-wealth-products
  2. Business - Money - REGULATION

    Small lenders battered by wealth product rules

    Posted Mar 28th 2013, 11:12am by KANIS LI

    ... economist Yao Wei said the new rules could "cap the growth of risky wealth management products as well as limit future funding to the shadow banking system". ... Kanis Li kanis.li@scmp.com Banking regulator puts limits on investments in 'non-standard' client assets not publicly traded Small lenders battered by wealth product rules ...

    http://www.scmp.com/business/money/markets-investing/article/1201696/china-banks-drag-market-down-after-crackdown-risk
  3. Business - Economy - REGULATION

    US central bank faces an economic balancing act

    Posted Jun 23rd 2014, 03:08am by DAVID BROWN

    ... the latest Federal Open Market Committee projections looking for a lower level of expected official rates over the longer term. Fed officials downgraded their expectations for the Fed funds rate in the long term to 3.75 per cent in June from May's 4 per cent reading. It was a classic case of the markets grasping at straws. The downgrade in the "expected" Fed funds rate could ...

    http://www.scmp.com/business/economy/article/1538532/us-central-bank-faces-economic-balancing-act
  4. Business - Banking & Finance - REGULATION

    Beijing warns of dangers in shadow banking

    Posted Jan 06th 2014, 02:32pm by JANE CAI

    ... Businesses in the sector also included money market funds, asset securitisation and wealth management services provided by financial institutions, the sources said, citing the document. Banking, ... at the end of 2010, with the bulk of credit coming from the shadow banking system. Trust firms and other financial intermediaries have channelled a flood of funds to local government financing ...

    http://www.scmp.com/business/banking-finance/article/1399002/beijing-warns-dangers-shadow-banking
  5. Business - China Business - REGULATION

    China to chase tax evaders with own version of US foreign account law

    Posted Mar 28th 2014, 12:10am by Toh Han Shih

    ... Chinese officials and their relatives to park their wealth in Hong Kong. Secretary for Financial Services and the Treasury Professor Chan Ka-keung has signed an agreement with the US to allow Hong ... of 2015. If China implements its own version of Fatca and it applies to Hong Kong, it may affect Chinese nationals' desire to deposit funds with banks in the city. But Hong Kong would ...

    http://www.scmp.com/business/china-business/article/1458825/china-chase-tax-evaders-own-version-us-foreign-account-law
  6. Business - Banking & Finance - REGULATION

    Draghi urges stronger EU stance to avert crises

    Posted Dec 19th 2013, 01:38am by BLOOM

    ... bellwethers of sovereign stress, 10-year yields are currently about 4.1 per cent, down from 6.6 per cent and 7.6 per cent, respectively, at the height of the crisis. The yield difference between ... on decisions quickly enough. The plan also envisages that, over time, bank levies would fill a common resolution fund that could eventually be tapped to cover costs anywhere in the euro zone. While ...

    http://www.scmp.com/business/banking-finance/article/1385315/draghi-urges-stronger-eu-stance-avert-crises
  7. Business - Banking & Finance - REGULATION

    China watchdog tells banks to check capital pool assets

    Posted Mar 13th 2013, 12:00am by Kwong Man-ki

    ... to banks if they were unable to get steady funding. Cai Esheng, a vice-chairman of the commission, said last week the regulator would step up efforts in regulating wealth management products as any ... of the so-called "capital pool" operations of their wealth management products by the end of next month, in an attempt to crack down on the products that pose higher risk to investors because ...

    http://www.scmp.com/business/banking-finance/article/1189504/china-watchdog-tells-banks-check-capital-pool-assets
  8. Business - Banking & Finance - REGULATION

    European banks face 3 audits in reformed stress tests

    Posted Oct 15th 2013, 12:00am by BLOOM

    ... The Frankfurt-based ECB is taking over supervision of Europe's lenders as part of a banking union that seeks to prevent a repeat of the turmoil caused by the sovereign debt crisis. Before they assume ... a bailout fund, should be ready if states needed aid, a move which would require governments to enter a formal aid programme monitored by European partners. "What should be at least available ...

    http://www.scmp.com/business/banking-finance/article/1331687/european-banks-face-3-audits-reformed-stress-tests
  9. Business - China Business - REGULATION

    Tighter rules for trusts and bills

    Posted Aug 18th 2012, 12:00am

    ... or that developer simply uses land to raise fresh loans to fund another unviable project. Mainland trusts are essentially private capital funds that get money from rich individuals and wealth management ... the country's financial system as it opens up domestic capital markets to diversify funding options for cash-strapped firms. Two sources close to the CBRC said the big four managers of bad loans- ...

    http://www.scmp.com/business/china-business/article/1017506/tighter-rules-trusts-and-bills

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