Latest News for: Wealth management china

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Four of UAE’s SWFs in world’s top 20 largest funds

Gulf Daily News 25 Jan 2022
As of January 2022, the world’s top 10 largest sovereign wealth funds (SWFs) manage assets worth $7.4 trillion, the Financepr.com report said ... According to the data presented by Financepr.com, the Norwegian Central Bank comes right ahead of China Investment Corporation, whose assets under management total $1.222 trillion.
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Foreign executives in isolated Hong Kong head for exit, sick of zero-covid curbs

Live Mint 23 Jan 2022
... abandoned by nearly all countries save for China ... Hong Kong’s role as a financial gateway between China and the rest of the world has been shored up in recent months with launches of cross-border programs for wealth management and for mainland investment in offshore bonds.
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Amundi’s China wealth JV garners $11 billion in 15 months since launch

Metro USA 21 Jan 2022
Huihua Wealth Management, 55% owned by Amundi and the rest by a unit of Bank of China, the country’s fourth-largest lender, was launched in Sept ... They see enormous opportunity in China, where the local $4.4 trillion wealth management market expanded by nearly 8% in the first nine months of 2021.
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Amundi's China wealth JV garners $11 bln in 15 months since launch

Reuters 21 Jan 2022
Huihua Wealth Management, 55% owned by Amundi and the rest by a unit of Bank of China, the country's fourth-largest lender, was launched in Sept ... They see enormous opportunity in China, where the local $4.4 trillion wealth management market expanded by nearly 8% in the first nine months of 2021.
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Morgan Stanley shares up after fourth-quarter profits beat expectations

New York Post 19 Jan 2022
Morgan Stanley CEO James Gorman was the driving force behind the bank’s decision to acquire Smith Barney, and made wealth management the cornerstone of his plan to stabilize revenue.South China Morning Post via Getty Images ... It has also linked pay with performance in its wealth management and investment banking divisions, Gorman said.
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China's real estate sector will go through a period of major restructuring: UBS

CNBC 18 Jan 2022
Eva Lee of UBS Global Wealth Management says first quarter of this year will be a big challenge for China's real estate sector due to the amount of U.S.-denominated bonds due for refinancing ... .
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Western banks, mutual funds rush to enter China despite hostile environment

Suryaa 17 Jan 2022
New Delhi, Jan 16 (IANS) For many companies, doing business in China is getting trickier by the day ... The bank said the move underscored its "commitment to expanding business in China" ... And the state-owned China Securities Journal reportedlast week that Deutsche Bank wants to establish its own wealth management joint venture in the country.
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China cleanup of non-compliant WMP securities ‘basically complete’, official says

Metro USA 15 Jan 2022
BEIJING (Reuters) – China has made progress in cleaning up non-compliant wealth-management products (WMPs), a senior regulatory official said on Saturday, as he declared a transition period in a years-long clampdown on the sector “basically complete”.
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China cleanup of non-compliant WMP securities 'basically complete', official says

Reuters 15 Jan 2022
BEIJING, Jan 15 (Reuters) - China has made progress in cleaning up non-compliant wealth-management products (WMPs), a senior regulatory official said on Saturday, as he declared a transition period in a years-long clampdown on the sector "basically complete".
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Precise COVID-19 control measures a stabilizer for economic growth

People Daily 14 Jan 2022
Looking into 2022, China's strong economic fundamentals, vast domestic market and well-established industrial sector, infrastructure, and business-friendly environment continue to attract foreign investors, particularly in the wealth management, new energy, and high technology sectors, according to a report released by KPMG China.
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China Focus: Precise COVID-19 control measures a stabilizer for economic growth

China.dot.org 13 Jan 2022
Looking into 2022, China's strong economic fundamentals, vast domestic market and well-established industrial sector, infrastructure, and business-friendly environment continue to attract foreign investors, particularly in the wealth management, new energy, and high technology sectors, according to a report released by KPMG China.
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British fund manager abrdn seeks China wealth management partner – chairman

Metro USA 12 Jan 2022
“In the wealth asset management space (in China), we would like to find the appropriate partner,” Douglas Flint, chairman of the Edinburgh-based fund manager, created via a merger of asset managers Standard Life and Aberdeen in 2017, said ... China’s wealth ...
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British fund manager abrdn seeks China wealth management partner - chairman

Reuters 12 Jan 2022
"In the wealth asset management space (in China), we would like to find the appropriate partner," Douglas Flint, chairman of the Edinburgh-based fund manager, created via a merger of asset managers Standard Life and Aberdeen in 2017, said.Register now for FREE unlimited access to Reuters.com.
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China steps up construction along disputed Bhutan border, satellite images show

FX Empire 12 Jan 2022
NEW DELHI(Reuters) – China has accelerated settlement-building along its disputed border with Bhutan, with more than 200 structures, including two-storey buildings, under construction in six locations, according to satellite image analysis conducted for Reuters ... British fund manager abrdn seeks China wealth management partner – chairman.
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China's zero-Covid lockdowns could reignite global supply chain delays, says UBS

CNBC 12 Jan 2022
Kelvin Tay of UBS Global Wealth Management says global supply chain disruptions could be restarted if China locks down key production centers and ports as part of its zero-Covid policy ... .

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