All articles by Joanne Teo
Joanne Teo
HNWI insights: The higher the assets, the more advisors
High-net-worth investors have more advisors than those with fewer assets and their relationships continue to grow, according to Cerulli Associates, a Boston-based financial research firm.
Chinese regulators call for unified standards for wealth management products
Common standards and regulations should be used when it comes to wealth management products sold by non-banking institutions, said a senior banking regulator. He forewarned that failing to do so will generate risks and cause a shock this year.
HSBC’s stake sale of Ping An in jeopardy?
A multi-billion dollar deal concerning HSBC’s sale of its stake in Ping An faces a high possibility of falling through. The collapse of the deal is expected to aversely impact the Britain branch of HSBC, as it would impede its efforts to sell its non-core assets as part of a broad restructuring plan to improve profitability.
Chinas regulator stifles sales of third-party investment products
The China Banking Regulatory Commission (CBRC) has issued a circular to tighten controls on the sales of third-party investment products, such as insurance, trust products and investment funds, through bank branches following the Hua Xia Bank incident.