Banking in Brief
We follow bloggers who provide alternative, meaningful, serious and sometimes irreverent insights into the industry
Our archives on WMPs
Weak risk controls heighten risk of Chinese bank WMPs
Date: Dec 20, 2012Chinese Banks urgently need to resolve weak oversight of wealth management products in order to avoid scandals such as Hua Xia Bank’s failed WMP.
Author: Alice Yang
Categories: China, Regulation, Retail Banking, Risk and Regulation, Wealth Management
Keywords: Hua Xia Bank, WMPs, BoC, Xiao Gang
Smaller Chinese banks still gambling on risky wealth management products
Date: Aug 08, 2012Smaller banks in China are experiencing rapid growth rates in the wealth management market by offering high-risk WMPs to customers, placing the country’s banking sector in jeopardy.
Author: Baron Laudermilk
Categories: China, Retail Banking, Wealth Management
Keywords: China Merchants Bank, Shanghai Pudong Bank, ICBC, Tang Jiahui, ICBC, Zheng Zhiguang, Bank of Beijing, Fitch, World Gold Council, Ferdinand Jonkman, HNWIs, WMPs