三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Markets

Direct Investment

Highlights

Trends/Policies

Wealth management needs better rule

By Li Zengxin (chinadaily.com.cn)
Updated: 2006-09-08 09:36

China's personal wealth management market has been growing exponentially in the past few years. It is expected that total profit earned in such business by all financial institutions will reach US$57 billion this year.

Banks, securities houses and insurers have been trying hard to grab a larger slice of the wealth management pie.

By the beginning of July this year, commercial banks have issued 231 yuan-denominated wealth management plans. There were 319 foreign currency-denominated plans.

Securities brokerages have launched 25 such plans in total. In the first three months, the collective wealth management plans by brokerages were still in an 'innovative' trial phase. Now the total book value for these products is approaching 10 billion yuan (US$1.25 billion).

......

The full text is available in the September Issue ofChina Banking.