Latest News for: Wealth management china

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Who Bought Whom?

The Epoch Times 17 Jun 2021
“BlackRock expands footprint with wealth management in China.” It should have said ... Fund) to operate a wealth management company in China in which it owned a majority share.
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Carbon trading will be a 'game changer' for China's green energy stocks: UBS

CNBC 17 Jun 2021
Hartmut Issel from UBS Global Wealth Management says regulation in China might actually benefit its green stocks, but warns about volatility in the EV sector ... .
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Lufax Retail Credit Platform Ping An Puhui Launches AI-Powered Smart Loan Solution

The Marshall News Messenger 16 Jun 2021
Lufax Holding Ltd primarily utilizes its customer-centric product offerings and offline-to-online channels to provide retail credit facilitation services to small business owners and salaried workers in China as well as tailor-made wealth management solutions to China’s rapidly growing middle class.
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Stocks scale another peak as markets await Fed signal

Metro USA 14 Jun 2021
inflation data and surging factory prices in China as temporary or manageable ... Rather, the focus is on talking about talking about tapering bond purchases, as demand for liquidity in the US economy starts to slow,” Paul Donovan, chief economist of UBS Global Wealth Management, said in a note to clients.
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Family Office Assets Under Management Market Forecast to 2027 – Research With Stonehage, CTC, Smith ...

The Sentinel Newspaper 13 Jun 2021
The number of family offices has increased significantly in recent years due to the increasing accumulation of wealth by wealthy individuals around the world. Key industry trends include China, India, and other Asia-Pacific countries becoming increasingly popular with family wealth managers.
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BlackRock Receives Nod to Start China Mutual Fund Business

Caixin Online 12 Jun 2021
became the first foreign asset manager allowed to start a wholly owned mutual fund business in China, a step toward winning a slice of one of the fastest-growing wealth markets ... The approval comes a month after BlackRock won the nod to pursue a joint venture asset management business along with China Construction Bank Corp.
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China's watchdog tightens rules for $1 trillion cash management market

Reuters 11 Jun 2021
China's ... The size of wealth management products for cash totalled 7.34 trillion yuan ($1.15 trillion) as of the end of March, according to China Banking Wealth Management Registration and Depository Center.
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China’s watchdog tightens rules for $1 trillion cash management market

Metro USA 11 Jun 2021
BEIJING (Reuters) – China’s banking and insurance ... The size of wealth management products for cash totalled 7.34 trillion yuan ($1.15 trillion) as of the end of March, according to China Banking Wealth Management Registration and Depository Center.
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BlackRock gets license to start China mutual fund business

Metro USA 11 Jun 2021
SHANGHAI (Reuters) -BlackRock has become the first global asset manager allowed to start a wholly-owned onshore mutual fund business in China, as Beijing accelerates opening of the $3.5 trillion industry ... BlackRock’s announcement came a month after it received a licence for a majority-owned wealth management venture in China.
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BlackRock gets OK to set up wholly owned MF business

China Daily 11 Jun 2021
China Securities Regulatory Commission has granted approval for BlackRock Fund Management Co ... Susan Chan, head of BlackRock Asia, said that rapid economic development and wealth management in China have propelled growth of the country's asset management industry.
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BlackRock becomes first to operate wholly owned China mutual fund biz

Reuters 11 Jun 2021
BlackRock, the world's biggest asset manager, on Friday said the China Securities Regulatory Commission (CSRC) had given its Chinese fund management unit approval to begin operations ... BlackRock's announcement comes a month after it received a licence to operate a majority-owned wealth management venture in China.
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China’s watchdog tightens rules for US$1 trillion cash management market

Hellenic Shipping News Worldwide 11 Jun 2021
China’s banking and insurance regulator issued rules on Tuesday on ...
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SoftBank’s PayPay surges ahead in Japan’s digital payments race

Asahi News 11 Jun 2021
The model follows that of Ant Financial, an affiliate of SoftBank’s most valuable investment, Alibaba, whose 730 million Alipay users in China can borrow money, check their credit score and buy wealth-management products through the app ... PayPay will hope to avoid the regulatory pushback Alipay faces in China, where it is being forced to restructure.
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SoftBank's PayPay surges ahead in Japan's digital payments race

Reuters 11 Jun 2021
The model follows that of Ant Financial, an affiliate of SoftBank's most valuable investment, Alibaba (9988.HK), whose 730 million Alipay users in China can borrow money, check their credit score and buy wealth-management products through the app.
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BlackRock outlines investment push into private markets

Reuters 10 Jun 2021
The firm also outlined the opportunities for growth it sees in China. A spokesperson for BlackRock said this has picked up momentum since the firm in May received a license in China for a majority-owned wealth management venture, the country's fast-growing asset management market.
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