Latest News for: Wealth management china

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Jack Ma’s Ant called to end anti-competition in payments

Yahoo Daily News 13 Apr 2021
Its encroachment onto the existing financial industry had not been particularly welcome in China, and a few years ago, the giant began positioning itself as a "technology provider" rather than one competing with big banks and conventional wealth managers.
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China reins in Jack Ma's Ant Group with enforced revamp

The Times of India 13 Apr 2021
However, the measures do not call for the breakup of Ant, whose business span payments, wealth management and consumer lending ... The company agreed to improve corporate governance and to resolve activity in its credit, insurance and wealth management units that had breached rules, the central bank said.
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China puts squeeze on Ant Group after Alibabapenalty

Irish Independent 13 Apr 2021
It comes two days after e-commerce giant Alibaba, of which Ant is an affiliate, was hit with a record $2.75bn antitrust penalty as China tightens controls on the "platform economy" ... However, the measures do not call for the breakup of Ant, whose businesses span payments, wealth management and consumer lending.
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Helping individuals achieve financial security

China Daily 12 Apr 2021
This trend has spawned exciting growth opportunities for financial services companies that offer asset management and wealth management products, or WMPs, in China ... The surge reflects some key structural changes in China that will power future demand for asset management and wealth management products, market insiders said.
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Chinese investors broaden horizons

China Daily 12 Apr 2021
Wang Haoyu, managing director of Beijing-based CreditEase Wealth ... Marina Lui, UBS' group managing director and head of China wealth management, said the Swiss wealth management giant is "keen to proactively participate" in the opportunities brought by the QDII quota expansion.
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China reins in Jack Ma’s Ant Group with enforced revamp

Metro USA 12 Apr 2021
However, the measures do not call for the breakup of Ant, whose business span payments, wealth management and consumer lending ... The company agreed to improve corporate governance and to resolve activity in its credit, insurance and wealth management units that had breached rules, the central bank said.
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ChinaAMC Integrates Machine Learning Solutions from Boosted.ai into Investment Process

The Marshall News Messenger 12 Apr 2021
, the leading distributed machine learning platform for global investment professionals, today announced it will provide its machine learning platform, Boosted Insights, to China Asset Management Co., Ltd ... China Asset Management Co., Ltd ... China Asset Management (Hong Kong), China Capital Management, and China Wealth Investment Management.
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China fines Alibaba billions for alleged market abuses

The Observer 11 Apr 2021
China tells Alibaba to sell off media assets in tech crackdown ... Its co-founder, Jack Ma, criticised Chinese regulators as being behind the times after they expressed growing concern over the push into loans, wealth management and insurance by Alibaba’s financial arm, Ant Group.
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China fines Alibaba $2.78bn for market abuses: state media

Arab News 10 Apr 2021
Alibaba in particular has been under scrutiny since last October, when co-founder Jack Ma criticized Chinese regulators as being behind the times after they expressed growing concern over the push into loans, wealth management and insurance by Alibaba’s financial arm, Ant Group.
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China fines Alibaba $2.78bn for market abuses

The Jakarta Post 10 Apr 2021
Alibaba in particular has been under scrutiny since last October, when co-founder Jack Ma criticised Chinese regulators as being behind the times after they expressed growing concern over the push into loans, wealth management and insurance by Alibaba's financial arm, Ant Group.
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Chinese investors sell equities, buy money market fundsMMFs are traditionally considered low-risk and liquid as ...

Deccan Herald 09 Apr 2021
"I don't see big opportunities now, and investors will not be happy to buy stocks at this moment without a further correction which could give them more safety margin and upside room," said Fu Yanping, a strategist at wealth management headquarters of China Galaxy Securities.
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Chinese investors sell equities, buy money market funds

Metro USA 09 Apr 2021
“I don’t see big opportunities now, and investors will not be happy to buy stocks at this moment without a further correction which could give them more safety margin and upside room,” said Fu Yanping, a strategist at wealth management headquarters of China Galaxy Securities.
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Robo-Advisory in Wealth Management Market Thriving 10X Revenues by 2028| TD Ameritrade, Betterment, Wealthfront, Personal ...

The Sentinel Newspaper 08 Apr 2021
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Robo-Advisory in Wealth Management market ... The report offers an exhaustive geographical analysis of the global Robo-Advisory in Wealth Management market, covering important regions, viz, North America, Europe, China and Japan.
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China Drafts Tougher Capital Rules for Too-Big-to-Fail Banks

Caixin Online 02 Apr 2021
The enterprises will also be scored by their interconnectedness with other financial institutions and the complexity of businesses such as derivatives and wealth management operations. While the move is aimed at bolstering the financial strength of China’s biggest banks and reducing systemic risks, it may widen the funding gap at some lenders.
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How much wealth do you need today to be considered rich?

The National 01 Apr 2021
Wealth managers like to frame the type of client they target in terms of the services needed ... All the while, with matriarchs and patriarchs aging, wealth managers are working to sell them on “softer services” such as family governance and strategies for philanthropy, says Donnie Ethier, director of wealth management at Cerulli Associates.
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