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Managing the wealth of families

China’s family wealth management industry saw robust development in 2021 amid steady economic growth, a new private report says....

December 24, 2021, Friday

Lira stages strong rebound as Erdogan acts

Turkey’s lira gained as much as 15 percent in volatile trade yesterday, posting a historic rebound from record lows in the previous session after President Recep Tayyip Erdogan unveiled a plan he said...

December 22, 2021, Wednesday

Lira plunges after Erdogan cites religion against increasing rates

Turkey’s troubled lira nosedived yesterday after President Recep Tayyip Erdogan cited Muslim teachings to justify not raising interest rates to stabilize the currency....

December 21, 2021, Tuesday

Fitch cuts rating for Sri Lanka

International ratings agency Fitch downgraded cash-strapped Sri Lanka on Saturday due to mounting fears of a sovereign default on its US$26 billion foreign debt, but Colombo insisted it will meet its...

December 20, 2021, Monday

UBS, China Life eye asset management JV

UBS Group AG is in talks with China Life Insurance Group to launch an asset management joint venture in China, two sources said, as part of the Swiss bank’s plan to bolster its presence in the world’s...

December 17, 2021, Friday

Battered bitcoin slides 5% more after weekend dive

Bitcoin tumbled almost 5 percent yesterday as the start of the week offered little respite to the world’s largest cryptocurrency after a bruising weekend where at one point it lost over a fifth of its...

December 7, 2021, Tuesday

Mainlanders putting money into investment funds

investment Funds are the preferred choice among eligible Chinese mainland investors in the cross-boundary Wealth Management Connect scheme, while Hong Kong and Macau residents generally picked equity wealth...

December 2, 2021, Thursday

Allianz is set to be wholly foreign firm

Allianz China Life Insurance Co announced yesterday that it has received regulatory approval to become the first wholly foreign-owned life insurance company on the Chinese mainland developed from a joint...

November 18, 2021, Thursday

UK faces first rate hike in 3 years

The Bank of England could this week raise its main interest rate for the first time in more than three years to rein in surging inflation as economies reopen from pandemic lockdowns, analysts say....

November 3, 2021, Wednesday

Foreign holdings of Chinese bonds up

Overseas institutional investors increased their holdings of Chinese government bonds in September as the yield remained attractive, official data showed....

October 18, 2021, Monday



 

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