Wealth and Asset Management
Six Bank Wealth Management Subsidiaries Obtain Approval for Operation in 2022
The wealth management subsidiaries of six Chinese banks have obtained approval to commence operation since the start of 2022, as part of ongoing reform of China’s asset management sector. On 3 August Hengfeng Bank Share Co., Ltd. announced that its fully invested subsidiary Hengfeng Wealth Management Co., Ltd. (恒丰理财有限责任公司) had…
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Click here to read the full story: China Banking News