All posts tagged "wealth management products"
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348Capital RegulationChina Allows Direct Stock Investment with WMP Funds
The move is aimed at increasing investment into Chinese equities even as regulators take steps to reduce the risk posed by such products to bank balance sheets.
September 24, 2018 -
303Capital RegulationAudit Officials Find Illegal Lending at Chinese Banks
ICBC, ABC and CITIC illegally extended loans to unqualified companies or industries, inflated the size of their deposits, engaged in illegal shadow-banking actives, and had shortcomings in their credit risk management.
June 25, 2018 -
364ChinaChina Minsheng Bank Hit with $4mn Fine for Selling Fake WMPs
Case of $249mn in fake products first exposed when customer went to branch to redeem WMP which did not actually exist.
December 4, 2017
