The queries were reportedly prompted by a sell-off in bonds which triggered investor withdrawals from wealth management products.
November 21, 2022The platform allows users to open accounts, view product information, and communicate with FIs offering pension and wealth management products.
November 16, 2022The notice encourages FIs to help individuals plan early for retirement and emphasises the need to improve income levels among the elderly.
June 17, 2022Bank of China, China Everbright Bank, and their two wealth management subsidies were fined a total of almost CNY 15 million.
June 9, 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, 2022The product was launched by a BlackRock-CCB joint venture, the first foreign-controlled institution that was approved to take part in private pension pilot trials.
April 28, 2022Employees will be allowed to contribute up to CNY 12,000 annually to individual pension accounts, which can be invested in relatively lower risk and longer-term financial products.
April 25, 2022The pilot scheme began in September with 4 domestic banks being allowed to offer retirement wealth management products in four cities.
March 2, 2022BlackRock CCB Wealth Management will be able to launch retirement WMPs in Guangzhou and Chengdu for a one-year trial period.
February 15, 2022The rules emphasise the integration of liquidity risk management throughout the entire process of wealth management business operations.
December 30, 2021