Latest News for: Wealth management china

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In Depth: China’s Opened Its Doors to Foreign Financial Firms - Can They Prosper?

Caixin Online 25 Nov 2021
In wealth management, joint ventures are still the main option, and foreign companies usually hold a majority stake. Amundi Asset Management, Europe’s largest asset manager, was the first to win majority-ownership approval in December 2019, taking a 55% stake in a venture with Bank of China Ltd.’s wealth management arm.
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Elephant vs Dragon

The Times of India 25 Nov 2021
Even as China proclaimed to an awestruck world that it had raced past the US in wealth gain over the last two decades, the Indian government repealed the agricultural reforms that had ...
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CX Daily: Burned by Developers, China’s Trust Industry Pulls Back From Property

Caixin Online 24 Nov 2021
Wealth management / ... China’s new cross-border wealth management connect (WMC) trial program in the Greater Bay Area (GBA) reported transactions worth more than 200 million yuan ($31.3 million) since it was launched Oct.
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Shanghai Composite Index Rose 0.1% on Wednesday

Caixin Online 24 Nov 2021
China’s benchmark Shanghai Composite Index (000001.SH) gained 0.1% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.12% ... Key Facts on China’s AI Behemoth SenseTime ... Launched in October, the program allows eligible residents from Guangdong to invest in certain wealth management products from Hong Kong, Macao and vice versa.
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The impact of a wealth tax on Singapore-Hong Kong rivalry

Live Mint 24 Nov 2021
Hong Kong has begun to align its policies so closely with mainland China’s that it’s not clear if it’s happy just being a wealth centre for Guangdong province apart from itself and Macau, the so-called Greater Bay Area ... Given China’s sheer size, proximity may still be a $3 trillion wealth-management opportunity for Hong Kong in the next five years.
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Jamie Dimon says he would bet JPMorgan will outlive China’s Communist Party

Live Mint 24 Nov 2021
It is seeking 100% ownership in an asset-management joint venture, which if approved would make JPMorgan the first foreign bank to have a full suite of wholly owned units in China covering key financial business lines ... Morgan Asset Management also struck a deal in March to buy 10% of China Merchants Bank Co.’s lucrative wealth-management unit.
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JPMorgan has $20 billion at stake as Dimon jokes about China’s Communist Party

Live Mint 24 Nov 2021
outlasting China’s Communist Party has so far been met by public silence from officials in Beijing ... venture in China ... China’s financial markets are a big lure for the world’s biggest banks, with billions of potential profits on the line in investment banking and wealth management.
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FVP Trade Expanding Market Footprint in Asia, Targeting IPO in 2024

Finance Magnates 24 Nov 2021
With the emergence of a thriving middle class, particularly in countries such as China, Japan, Korea and Vietnam, the need for wealth management and trading services rapidly increased ... We have created regional hubs across multiple cities in China, as well as Korea, Japan, Vietnam and Malaysia.
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Greater Bay Area Wealth Connect Trial Sees Over $31 Million in Transactions

Caixin Online 23 Nov 2021
China’s new cross-border wealth management connect (WMC) trial program in the Greater Bay Area (GBA) has reported transactions worth more than 200 million yuan ($31.3 million) since it was launched on Oct.
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New bourse in the market for innovation

China Daily 21 Nov 2021
Ethan Wang, head of wealth management investment strategy at Standard Chartered China, applauded Chen's cautious approach ... China's top 11 most innovative semiconductor and electronic component firms ... China 5G + Industrial Internet Conference kicks off in Wuhan.
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Weekly Must-Read: China Plays Down Stagflation Concerns as Commodity Price Gains Seen Easing

Caixin Online 20 Nov 2021
China Plays Down Stagflation Concerns as Commodity Price Gains Seen Easing ... Can China Pull Itself Out of the Economic Doldrums? ... Fidelity Executive Explains How Foreign Investment Services Can Compete for China’s Wealth ... The bourse’s opening highlights China’s latest efforts to make more funding available to small and midsize enterprises ... # China #.
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CX Daily: China, U.S. Agree to Ease Visa Restrictions on Journalists

Caixin Online 18 Nov 2021
Fidelity executive explains how foreign investment services can compete for China’s wealth. China’s fast-growing wealth management market has continued to attract foreign financial institutions ... Fidelity International was also the first foreign institution to obtain a wholly owned private fund management license in China in 2017.
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Shanghai Composite Index Fell 0.47% on Thursday

Caixin Online 18 Nov 2021
China’s benchmark Shanghai Composite Index (000001.SH) lost 0.47% on Thursday, while the Shenzhen Component Index (399001.SZ) fell 0.9% ... Below is a rundown of the top China business and finance stories, plus other news for the day. ... Fidelity Executive Explains How Foreign Investment Services Can Compete for China’s Wealth.
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Ant Group’s Profit Rises 39% on Investments

Caixin Online 18 Nov 2021
As part of the overhaul, Ant has ramped up its capital base to 35 billion yuan and is moving to build firewalls in an ecosystem that once allowed it to direct traffic from Alipay to services like wealth management, consumer lending and on-demand neighborhood services and delivery.
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Q&A: Fidelity Executive Explains How Foreign Investment Services Can Compete for China’s Wealth

Caixin Online 17 Nov 2021
China’s fast-growing wealth management market has continued to attract foreign financial institutions ... Fidelity International was also the first foreign institution to obtain a wholly owned private fund management license in China in 2017 ... When foreign asset managers enter China, ...
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