China continues to refine regulations aimed at opening its financial industry.
Tag: WMPs
Will China’s new WMP units compete with PFMs?
The new wealth management subsidiaries that banks in China are now allowed to set up could rival fund managers to some extent, according to Cerulli Associates.
In case you missed it (23 March 2018)
Hong Kong’s SFC fines UBS (again); Neuberger Berman poaches Pimco’s APAC head of strategy; Pimco aims to grow its ESG platform with new hire; Prestige Fund strategy AUM breaches $100m mark; APAC institutions likes private equity; China’s WMP AUM grows by a mere 1.5%; and more…
Chinese investors to shift away from WMPs
Chinese investors are expected to move away from banks’ wealth management products towards products managed by asset managers, according to a report by Oliver Wyman, a consulting firm.
