久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

ICBC, China Construction Bank wealth management subsidiaries to open

By Jiang Xueqing | chinadaily.com.cn | Updated: 2019-05-22 20:22
Share
Share - WeChat
The company logo of ICBC is seen at Xuchang, Henan province. [Geng Guoqing/Asianewsphoto]

China's top banking and insurance regulator announced on Wednesday it has recently allowed the wealth management subsidiaries of the country's two largest commercial banks by assets to open for business. 

The two new companies are ICBC Wealth Management Co Ltd, a wholly-owned subsidiary of Industrial and Commercial Bank of China Ltd, with as much as 16 billion yuan ($2.32 billion) in registered capital, and the wealth management subsidiary of China Construction Bank Corp, with a registered capital of up to 15 billion yuan. 

"The banks' opening of wealth management subsidiaries will further enrich the group of institutional investors, increase the supply of financial products through research and development of wealth management products that meet market demands, and provide a larger amount of funding for the real economy and financial markets," said the China Banking and Insurance Regulatory Commission in an announcement posted on its website.

Other banks that obtained regulatory approval for the establishment of wealth management subsidiaries are pushing forward with preparations for opening, the commission said. The regulator also has accepted applications from multiple commercial banks to set up their own wealth management subsidiaries. 

Last year, the commission issued administrative measures for wealth management subsidiaries of commercial banks, setting the threshold requirement for registered capital at 1 billion yuan. 

A number of banks that had announced their plans to establish asset management or wealth management subsidiaries stated that they will consider introducing strategic investors to their wealth management subsidiaries later. 

In the past, banks had limited options for asset management activities. For example, they were not allowed to invest directly in private equity funds or listed securities. According to the new rules, banks can now step into mutual funds and private fund management after receiving necessary licenses for their subsidiaries concerned, said Melody Yang, a partner at international law firm Simmons & Simmons in Beijing. 

By the end of 2018, outstanding non-principal guaranteed wealth management products stood at 22.04 trillion yuan, roughly the same as the end of 2017. The outstanding interbank WMPs declined 62.57 percent year-on-year to 1.22 trillion yuan, demonstrating a significant reduction in idle funds, said a report co-issued by China Banking Association and China's Banking Sector Wealth Management Registration and Trusteeship Center on March 29.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美久久久久久久一区二区三区 | 亚洲在线偷拍自拍 | 五月久久噜噜噜色影 | 美女黄色网页 | 九一国产精品视频 | 欧美les视频xxxx在线观看 | 亚洲欧美日本综合一区二区三区 | 波多野结衣一区二区三区在线观看 | 亚洲bbbbbxxxxx精品三十七 | 99视频在线看观免费 | 欧美成人网7777视频 | 亚洲精品一区二区三区 | 性做久久久久久免费观看 | 久久一区二区三区免费播放 | 在线观看免费亚洲 | 国产精品1区 2区 3区 | 欧美成人自拍视频 | 久草精彩视频 | 亚洲欧美视频一区二区三区 | 国产伦一区二区三区四区久久 | 亚洲国产精品成人综合久久久 | 26uuu影院亚洲欧美综合 | 成年男女免费视频网站播放 | 日本加勒比视频 | 亚洲精品国产三级在线观看 | 日本欧美一区二区 | 日韩免费视频播播 | 97视频在线观看免费播放 | 国产网曝手机视频在线观看 | 亚洲天堂二区 | 国内xxxx乱子另类 | 黄色天堂 | 中文国产成人精品久久一 | 日韩精品一区在线观看 | 国产精品三级一区二区 | 成年人在线免费观看网站 | 加勒比综合网 | 亚洲欧美日韩久久一区 | 九九九九热精品免费视频 | 国产黄色在线播放 | 国产精品视频第一区二区三区 |