Regulatory freedoms granted to segregated-account subsidiaries of Chinese fund firms have seen the segment swell, but the risk of investor losses is going unnoticed, say sources.
Tag : cbrc
As the China Banking Regulatory Commission sets out requirements for wealth-management product providers, analysts highlight issues around WMPs.
Competition is hotting up in China's funds industry, with the arrival of more bank-backed asset managers set to make life even more difficult for other players.
The CBRC says principal and non-principal guaranteed wealth management products issued by banks should not fall under shadow-banking. But this doesn't appear to address the risks.
Chinese trust companies are expecting the regulator to broaden the range of securities they are permitted to invest in, until they are eventually on a par with fund managers and securities firms.
Having been granted a Beijing branch licence, the US firm expects to see a big increase in Chinese demand for its asset services, including private-equity administration.
The best way for China's banks to deal with a growing number of non-performing loans is to allow assets to be securitised and sold at distressed levels, argues political scientist Victor Shih.
Is ICBC Credit Suisse to be the last of the great bank joint-venture deals in China? With uncertainty looming over the renewal of bank JV licence rules, such partnerships may soon become an endangered species.
China is nipping equity exposure in bank wealth management products, while structured product distribution will be treated with a heavier hand in Taiwan.
Officials from the CSRC, CBRC and CIRC have met with counterparts in TaiwanÆs FSC. Market watchers expect a deal to be finalised by mid-2009.
Poor performance in QDII structured products may have awakened ChinaÆs banking regulator to the need to revamp how consumer banks sell investment products.
A memorandum of understanding signed with the Securities & Exchange Commission in the US makes it the fifth market in which Chinese banks can invest.