Free Trial

Banks' wealth-management products.......>

CHINA PRESS
CHINA PRESS: Banks' wealth-management products would be overhauled to have
longer durations, higher thresholds of clients and lower leverage under draft
guidelines issued by top regulators, the 21st Century Business Herald reported
Tuesday. Chinese banks have issued wealth-management products totaling CNY30
trillion. The guidelines mainly focus on implicit guarantees of payment,
leverage, channel transactions, multiple layers and capital pools. Mainstream
wealth-management products will be divided into two categories: fixed-asset
products and mixed mutual funds. Wealth-management products for high-level
clients will be allowed to invest in debt-to-equity swaps. Lower leverage will
benefit the long-term growth of the sector, the newspaper argued. (21st Century
Business Herald)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.