Joy Cheng has been promoted to the job following her predecessor’s retirement.
The first batch of wealth management products is now offered to individual investors in four cities.
The Chinese regulator has given the go-ahead for Blackrock and Temasek to form a wealth management joint venture (JV) with China Construction Bank (CCB).
Foreign controlling stakes are planned as the race to create wealth management partnerships hots up ahead of the lifting of restrictions next year.
The new wealth management subsidiaries may provide business opportunities for foreign players that have a private fund management licence in China.
FSA looked at the five China equity funds with the lowest average correlation to the performance of peer funds and found three with above average performance.
China’s big state-owned banks have rallied around 18% on average in January in contrast to 2017, when they lagged the broader China equity indices. What is driving them?