Its wealth management JV in China is also expected to launch its first products by the end of this year.
Tag: wealth management products
China online WM at $2.13trn and growing, says BCG
Assets in China’s online wealth management have grown 50% annually over the past five years, according to the consulting group.
China’s WMP assets continue to grow
Wealth management products (WMPs) sold by Chinese banks remain popular despite low yields and stricter regulations, according to a recent report from China Banking Regulatory Commission.
Report: China’s $435m wealth management scandal unfolding
About 150 private banking clients of China Minsheng Bank’s Beijing Hangtianqiao sub-branch may have bought fake wealth management products that total as much as RMB 3bn ($435m), according to mainland media.
China may further tighten rules on WM business
China aims to strengthen regulations on the wealth management business of banks, according to local reports.
