ICBC Private Bank, China’s second largest, is resetting its product and service strategy focus, ahead of a regulatory ban to outlaw guaranteed wealth management products (WMP) by 1 July next year. At RMB 2.7 trillion, ICBC held the Chinese banking industry’s most significant WMP balance, as of the end of 2016, tipping it to be among the most affected by…
ICBC Private Bank resets strategy focus ahead of WMP ban
23 March 2018

Share article
Share article
Related News

Former Maybank Private Malaysia head joins boutique private bank in Singapore
16 August 2022

More volatility ahead? Here’s how VP Bank and UBP are weathering the storm
18 July 2022

How Asian private bank clients could triple their allocations to alternatives
8 July 2022

Pandemic hones focus of family offices on alternatives: US$600B investment manager
6 July 2022

Bank of China (HK) hires private banking market head from HSBC
1 June 2022

Citi Private Bank hires ex-DBS senior market head
20 May 2022

Another senior market head leaves DBS Private Bank
18 May 2022

Bank of Singapore hires MEA team head from Citi Private Bank
16 May 2022

Movers & Shakers – Feb 2022: More RMs in Singapore prefer to stay put after bonus due to uncertainties ahead
11 March 2022

Private banks warn of more volatility ahead as Russia-Ukraine tensions escalate
18 February 2022