China’s regulator last Thursday released interim measures for the sale of wealth management products (WMPs) by wealth management companies (WMCs). It specified that WMCs refer to wealth management subsidiaries of commercial banks and other approved WMCs, including wealth management joint ventures (JVs) with a majority foreign ownership. “Although JVs with a majority foreign ownership structure have been regulated all along,…
China explicitly includes majority foreign-owned JVs in scope of WM companies
2 June 2021

Share article
Share article
Related News

Rise in crypto-assets owned by HNWIs drives growth of lending solutions
15 November 2021

Exclusive
Deep local knowledge gives us edge over foreign rivals: BDO PB’s Albert Yeo
28 October 2021

Exclusive
Chinese IWM Davids venture overseas, taking on foreign Goliaths
17 September 2021

BNP Paribas mulls onshore WM JV with Agricultural Bank of China
3 September 2021

Asian HNWIs are likely to divest from non-ESG companies: St. James’s Place WM Asia
2 September 2021

August Regulatory Round-up: SFC fines UBS over multiple reg breaches; HK and SG regulators promote use of AML regtech; China strikes balance between inclusive growth and foreign investment
27 August 2021

China regulators strike balance between promoting inclusive growth and attracting foreign investment
20 August 2021

Exclusive
Foreign banks still beat domestic India peers in RM productivity
30 July 2021