More mainland Chinese banks are setting up independent asset management subsidiaries to retain their wealth management product (WMP) business, under a formal notice issued by the People’s Bank of China (PBOC) demanding that such products be transferred to the subsidiaries by the end of 2020. Bank of Beijing and Huaxia Bank have followed China Merchants Bank (CMB) by telling markets they will…
To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].
Subscriber Only Content
This article is available on a corporate subscription with Asian Private Banker. Please login or subscribe to view this content.
Need help? Please see our FAQ Guide or email [email protected]
Have a confidential tip? Get in touch [email protected]
