Firewalls for wealth management2014-07-14
China's banking regulator has ordered banks to set up a firewall between their popular wealth management products(WMPs)and their cornerstone lending to prevent risk.

Lenders told to firewall risks of WMPs2014-07-12
The China Banking Regulatory Commission said on Friday it has told banks that they must set up special departments to run wealth management products and establish separate accounting systems for those departments to prevent risk spreading from wealth management products to banks' deposit and loan businesses.

WMPs witness rapid rise2014-06-25
China's wealth management products(WMPs)saw substantial increase in 2013, with funds raised reaching 6.8 trillion yuan($1.1 trillion), China Business News reported on Tuesday citing China Banking Association.

Experts: Wealth management services lag demand2014-06-24
Demand for wealth management services in China has increased rapidly amid fast economic growth in recent years, but a huge gap remains when it comes to the provision of those services, said panelists at the Jinjialing Fortune Forum 2014 in Qingdao , Shandong province.

China's wealth management products total 2.1 trillion USD2014-06-21
Wealth management products(WMPs)have been booming in China in the past few years, totalling 12.8 trillion yuan(about 2.1 trillion U.S.dollars)by the end of May, a senior official of China's central bank said Saturday.

9fbank launches new wealth management product2014-04-25
9fbank.com, an online platform dedicated to Internet finance, on Thursday launched a new wealth management product based on debt investment across different industries.

Agricultural Bank forms asset management department2014-03-25
Agricultural Bank of China Ltd formed an asset management department on March 19 to develop wealth management products and manage the investment in such products, National Business Daily reported on Tuesday.

Wealth management products aren't part of shadow banking2014-02-19
The wealth management business in Chinese banking"should not"be categorized as shadow banking, a senior official of China's banking regulator said on Monday.

PBOC's new rules protect WMP bond investment2014-02-14
China's central bank published rules yesterday on investment by wealth-management products in the country's bond market, in a move aimed at containing risks posed by banks' off-balance-sheet business.

Central bank limits risk in interbank market2014-02-13
In a fresh attempt at curbing illegal trading practices, the country's central bank on Thursday unveiled a series of rules regulating investment in wealth management products on the interbank bond market.

Shadow-bank product defaults as coal firm wobbles2014-02-12
A high-yield investment product backed by a loan to a debt-ridden coal company failed to repay investors when it matured Friday, state media reported on Wednesday, in the latest sign of financial stress in China's shadow banking sector.

Alipay to launch long-term wealth-management product2014-02-10
Alipay , China's leading online payment provider, will officially launch its first long-term wealth-management product on Feb 6, 2014 to offer investors a second option to its Yu'E Bao service.

Shaky trust product promises repayment2014-01-28
A struggling trust product that owed investors 3.3 billion yuan($545 million)promised on Monday to reimburse those investors, avoiding a situation that analysts said could have triggered a chain of defaults across the nation's trust and banking industry.

Spotlight is set to shine on shadow banking2014-01-22
China is tightening its grip on the rapidly expanding shadow banking business.