Latest News for: Wealth management china

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China fintech curbs that hit Ant were no surprise, Ping An says

Straits Times 01 Mar 2021
Lufax warned in its prospectus that China's retail credit and wealth management industries "may not develop as we anticipate," and the regulatory frameworks "remain uncertain for the foreseeable future." ... Lufax, which was once among China's largest peer-to-peer lenders, was forced ...
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HSBC Doubles Down on China and Asia Amidst Criticism by US, UK

The Epoch Times 28 Feb 2021
Peter Wong, the group’s chief executive in Asia Pacific region, outlined a $6 billion investment in Asia over the next five years, with a focus on growing its wealth management and ...
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Ahead of Maritime Summit, Kolkata port signs MoUs worth Rs

Yahoo Daily News 25 Feb 2021
Read full article. 25 February 2021, 2.03 pm·1-min read ... An MoU was signed with Garden Reach Shipbuilders Ltd for ship repair/ship building operations and management of facilities at three dry docks at Kidderpore ... 1 ... 2 ... 3 ... MICT Acquires Key License for Soon-to-Launch Stock Trading and Wealth Management Platform and Mobile App in China and Hong Kong.
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YouTube launches supervised accounts with parental controls tailored for teenagers

Yahoo Daily News 25 Feb 2021
Read full article. Chandraveer Mathur25 February 2021, 1.16 pm·2-min read. YouTube launches supervised accounts with parental controls tailored for teenagers. 25 Feb 2021 ... Details ... Connected family ... Distinct experience ... 1 ... 2 ... MICT Acquires Key License for Soon-to-Launch Stock Trading and Wealth Management Platform and Mobile App in China and Hong Kong.
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Trading halt: Sebi assures underlying causes, including institutional deficiencies, will be addressed

Yahoo Daily News 25 Feb 2021
Read full article. 25 February 2021, 2.13 pm·2-min read ... This report is then placed before a technical advisory committee of Sebi ... PTI AA SRS ABM ABM. TRENDING. 1 ... 2 ... 3 ... 4. MICT Acquires Key License for Soon-to-Launch Stock Trading and Wealth Management Platform and Mobile App in China and Hong Kong. 5 ... .
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OCBC cautiously optimistic despite 9% fall in Q4 earnings

Straits Times 24 Feb 2021
Wealth management income was a bright spot, dipping just 1 per cent to $3.37 billion from a record a year earlier. Although net fee income fell, wealth management fees climbed 5 per cent to a new high, driven by strong customer investment activity amid low interest rates.
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China Greenlights Third Foreign-Controlled Wealth Management Venture

Caixin Online 23 Feb 2021
The Paris-based company won approval to set up the first foreign-controlled wealth management joint venture in China in December 2019, just five months after the government announced more market-opening measures in the financial sector, including allowing majority foreign ownership of Chinese mainland-based wealth management firms.
photo: Creative Commons / Dennis Sylvester Hurd
HSBC bank sign
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HSBC curbs profit and payout ambitions, bets on Asia wealth

The Times of India 23 Feb 2021
HSBC Holdings PLC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focused mainly on wealth management in Asia after the COVID-19 shock saw its annual profits drop sharply ... rally boosted the prospects for the wealth management business.
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HSBC's 2020 profits tumble due to Covid-19 hit

RTE 23 Feb 2021
HSBC said that its growth in Asia for the next five years will be driven by around $6 billion of additional investment in its wealth management and international wholesale business. . That investment will be focused on expanding the bank's wealth management business in Greater China, as well as Asia more broadly. .
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HSBC Ramps Up ‘Pivot to Asia’ Strategy as Annual Profits Fall 34%. What That Means.

Barrons 23 Feb 2021
Europe’s biggest bank said it would invest up to $6 billion in its wealth management and international wholesale business to drive growth in Asia over the next five years ... The strategy includes investing in its wealth management business in Hong Kong, mainland China and Singapore.
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HSBC bets on Asian wealth in revised strategy after profits tumble, cuts outlook

Metro USA 23 Feb 2021
HSBC said that its growth in Asia for the next five years will be driven by around $6 billion of additional investment in its wealth management and international wholesale business. That investment will be focused on expanding the bank’s wealth management business in Greater China, as well as Asia more broadly.
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HSBC curbs profit and payout ambitions, targets Asia wealth

Metro USA 23 Feb 2021
... rally boosted the prospects for the wealth management business ... HSBC said that its growth in Asia for the next five years will be driven by around $6 billion of additional investment in its wealth management and international wholesale business, mainly targeting Greater China.
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Boris boosts confidence: Normality for the UK is no longer a mirage which vanishes into ...

The Daily Mail 23 Feb 2021
As part of his strategy review at HSBC, chief executive Noel Quinn also wants out of France and retail banking in the US to concentrate on wealth management in Asia. When Unilever unveiled a new strategy earlier this month, India and China were centre-stage ... the US and China.
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