Goldman Sachs ICBC Wealth Management, set up in May last year, becomes the fourth Sino-foreign wealth management JV approved to commence operations.
June 28, 2022HKMA will formulate a detailed roadmap of initiatives to further promote Investech, Wealthtech, Insurtech and Greentech, as well as artificial intelligence and DLT.
June 24, 2022The CBIRC is seen to be enforcing strict penalties in order to strengthen market discipline and improve internal control and governance at banks.
June 22, 2022Guangzhou's financial regulator will seek to attract talent and capital to the city and promote it as a wealth and asset management centre.
June 9, 2022Bank of China, China Everbright Bank, and their two wealth management subsidies were fined a total of almost CNY 15 million.
June 9, 2022Banks and their subsidiaries have until 1 June 2023 to comply with new regulatory requirements for their trust business and related activities.
May 30, 2022SET's move to invest in ADDX reflects a trend towards a "new capital market landscape that emphasises continuity between the public and private markets".
May 25, 2022The rules increase emphasis on ethical conduct and governance, loosen licensing restrictions, and allow public fund managers to outsource operations.
May 25, 2022The CBIRC expanded the types of financial products insurance funds can invest in and clarified regulatory requirements for entrusted investment of insurance capital.
May 20, 2022A new CBIRC notice is aimed at encouraging banks, wealth management firms and life insurers to develop their commercial pension business.
May 12, 2022