Latest News for: Wealth management china

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3 features to mark pilot wealth management products

China Daily 28 Oct 2021
"The pilot program of wealth management products launched by China in four cities is an important step to deepen supply-side structural reform in the financial sector and to promote common prosperity," said Zhang Xuyang, chairman of Everbright Wealth Management Co, a wholly owned subsidiary of China Everbright Bank Co.
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HSBC declares bumper profits after releasing over £500m in credit impairments as boss says 'the ...

The Daily Mail 25 Oct 2021
Improving outlook ... RELATED ARTICLES. Previous 1 Next. HSBC ramps up Asia presence as it snaps up the Singaporean... Share ... Payout ... 'It's clear China, and Asia more generally, is still the prize HSBC is chasing, with money and resources thrown at the region and its wealth management arm an area of priority as it looks to tap into a burgeoning middle.' ... .
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Banks move rapidly to tap wealth connect program

Shenzhen Daily 25 Oct 2021
HSBC has put up 60 centers on the Chinese mainland and in Hong Kong after the long-awaited program, called Wealth Management Connect, was given the green-light last month and as banks received final approval Monday last week ... lender and its partner are offering almost 100 types of wealth management products, it said.
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HSBC share price forecast ahead of quarterly earnings

Invezz 24 Oct 2021
It is also expanding its wealth management services to mainland China. The company has also been in focus because of its exposure to China’s property market ... For example, those at UBS expect that the company will report a $2.5 billion share buyback program as the management attempts to boost the share price.
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HK scales new heights

China Daily 22 Oct 2021
The wealth management connect plan is an important step toward fulfilling Hong Kong's potential as Asia's premier wealth management pivot ... leading global hub of wealth creation and management," said Amy Lo, executive committee chairman of the Private Wealth Management Association.
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WMC Pilot Scheme ups investment options

China Daily 20 Oct 2021
Citi also announced a strategic partnership with China Guangfa Bank to offer cross-border wealth management services to clients in the GBA under the Cross-boundary WMC ... "The rollout of Wealth Management Connect underlines the Chinese mainland's continuing commitment to opening up its financial markets.
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Opportunities for DBS and OCBC with China cross-border scheme

Straits Times 20 Oct 2021
The Wealth Management Connect (WMC) scheme is expected to encourage investments among the 11 cities in the GBA and is seen as a test bed for the gradual relaxation of tight capital controls in China ... wealth management products offered by providers in Hong Kong and Macau.
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DBS, OCBC expect boost from wealth product sales under new Chinese cross-border scheme

Straits Times 20 Oct 2021
The Wealth Management Connect (WMC) scheme is expected to encourage investments among the 11 cities in the GBA and is seen as a test-bed for the gradual relaxation of tight capital controls in China ... wealth-management products offered by providers in Hong Kong and Macau.
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OCBC, Ping An to provide two-way wealth services in China's Greater Bay Area

Straits Times 19 Oct 2021
Chinese and Hong Kong regulators had in September announced the roll-out of a cross-boundary scheme to allow two-way purchase of approved wealth management products across China's GBA ... Likewise, eligible OCBC Wing Hang customers can do the same with Ping An to purchase qualified wealth management products from mainland China.
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Macao banks to launch Wealth Management Connect related services

China Daily 19 Oct 2021
MACAO -- Seven banks in China's Macao Special Administrative Region (SAR) have completed the necessary procedure to get ready to provide wealth management services in the Chinese mainland from Tuesday, the Monetary Authority of Macao said on Monday.
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HSBC, Citigroup rush to catch China cross border wealth

Straits Times 19 Oct 2021
HSBC has put up 60 centres in the Chinese mainland and Hong Kong after the long-awaited programme, called Wealth Management Connect, was given the green-light last month and as banks received final approval on Monday (Oct 18) ... The US�lender and its partner are offering almost 100 types of wealth management products, it said.
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19 banks get go ahead for Wealth Connect

Hong Kong Standard 18 Oct 2021
The Hong Kong Monetary Authority announced yesterday that 19 eligible banks in Hong Kong have received the green light for the Cross-boundary Wealth Management Connect ... Seven banks in Macau also received the green light to start providing services for the Wealth Management Connect.
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Goldman Sachs strikes Gold as it receives approval to take control of China unit

Invezz 18 Oct 2021
bank has successfully won approval, paving the way for the financial institution to take 100% ownership rights in the China unit ... As part of a growth strategy chalked out by the bank, assets and wealth management will be ramped, and 600 will be the strength of the workforce ... and China escalating, lawmakers in the U.S.
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Goldman Gets Permission to Take Fill Control of Its China Securities Venture

Caixin Online 18 Oct 2021
received approval to take 100% ownership of its securities joint venture in China, paving the way for an aggressive expansion in the world’s second-largest economy ... The move gives the firm free rein to pursue a clearer growth strategy that includes boosting its workforce in China to 600 and ramping up in asset and wealth management.
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Goldman Sachs granted full ownership of China securities firm

Business Day 18 Oct 2021
The move gives the firm free rein to pursue a clearer growth strategy that includes doubling its workforce in China to 600 and ramping up in asset and wealth management ... Global banks are pushing to gain a bigger foothold as China’s market opens, jostling to capture a share of billions of dollars in potential profits.
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