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  • October 2, 2014
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Results 1 - 10 of 162108 for wealth management products

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  1. Business - Banking & Finance

    China's households divert 12.7tr yuan to wealth-management products

    Posted Aug 16th 2014, 01:06am by BLOOM

    ... Bloomberg in Shanghai Households shy from trusts as government seeks to manage shadow banking risks Savings in wealth products hits record Mainland households increased the amount of savings diverted into wealth-management products to a record 12.7 trillion yuan (HK$16 trillion) as the central government tries to manage risks from an explosion in shadow banking. ...

  2. Business - Banking & Finance - INVESTMENT

    Attractive returns on wealth management products reflect liquidity squeeze

    Posted Jan 02nd 2014, 09:36am by Jane Cai in Beijing

    ... Jane Cai in Beijing xuejun.cai@scmp.com Wealth management products with returns of up to 10 per cent are a boon for investors, but represent systemic problems at China's banks High ... for a three-month investment in a wealth management product (WMP)- a 6 per cent annualised return that she could use to buy herself a pair of boots. "Wealth management products usually offer high ...

  3. Business - Banking & Finance

    China trials scheme to warn investors about wealth management products

    Posted Oct 11th 2013, 01:13pm by Reuters

    ... Reuters in Shanghai Misconception that products sold by state-owned banks are guaranteed is tackled Beijing tests wealth management warning China will launch a pilot programme next week ... many mainlanders treated their investments in so-called wealth management products, many of which offered enticing returns, as tantamount to a deposit with a guaranteed yield, even ...

  4. Business - China Business

    China wealth management products mar insurers as Fanxin boss flees

    Posted Aug 17th 2013, 12:00am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Boss of Shanghai brokerage selling wealth management products flees abroad Financial products tarnish insurers Wealth management products have ... Insurance Regulatory Commission said police were probing Shanghai Fanxin Insurance Agency after it was found to have sold unauthorised wealth management products (WMPs). The investigation began ...

  5. Business - Banking & Finance - REGULATION

    Mainland banks resist CBRC edict on pooling of wealth products

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

    ... 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 ... 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 ...

  6. Business - Banking & Finance - BANKING

    CBRC orders banks to create firewall around wealth management services

    Posted Jul 14th 2014, 03:09am by Reuters, Ray Chan

    ... regulator said, in order to avoid any contagion from higher-risk products spreading to normal bank loans. Banks must establish a separate department to carry out wealth management business ... as saying that mainland banks had sold 50,918 wealth management products with an outstanding book value of 13.97 trillion yuan (HK$17.45 trillion) by the end of May, equivalent to about 27 per cent ...

  7. Business - Banking & Finance - WEALTH MANAGEMENT

    The black hole that is wealth management products

    Posted Feb 14th 2013, 12:00am by JANE CAI

    ... The black hole of dodgy new investments The black hole of dodgy investments Wealth management products are becoming the object of suspicion and worry on the mainland. Investors have little idea ... things worse, the products are kept off banks' balance sheets, resulting in a lack of supervision of their creation and sale. "Don't bother to understand a wealth management ...

  8. Asset and Wealth Management in Hong Kong

    Posted Jul 30th 2014, 03:21pm

    ... provides a similar service, but usually a wealth management firm is working with one extremely wealthy client with a focus on consultative service, along with every other single financial product ... Contributor What is the asset and wealth management industry like in Hong Kong? In fact, what is asset and wealth management? They may sound very similar, but in the business world, ...

  9. Business - Banking & Finance

    Banking regulator warns about wealth management products

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

    ... management products as it seeks to curb risks from banks' off-balance-sheet businesses. Banks are banned from selling wealth management products without authorisation and should stop selling ... and management of products that offered fixed and floating returns, it said. Banks have been relying over the past few years on wealth products, which offer higher returns than deposits, to dissuade ...

  10. Business - Banking & Finance - BANKING

    China's boom in wealth management products makes economists fear

    Posted Dec 13th 2012, 12:00am by BLOOM

    ... Bloomberg A boom in small lenders selling unpredictable wealth management products has left economists fearing instability in the sector Small banks, big risks The mainland's smaller banks boosted sales of wealth management products (WMPs) to account for more than 85 per cent of the 3.5 trillion yuan (HK$4.34 trillion) of offerings in the first nine months of this year, ...




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