Arab Today, arab today chinas wealth management products total 21tr
Last Updated : GMT 08:27:29
Arab Today, arab today
Arab Today, arab today

China's wealth management products total $2.1tr

Arab Today, arab today

Arab Today, arab today China's wealth management products total $2.1tr

Wealth management
Qingdao - XINHUA

 Wealth management products (WMPs) have been booming in China in the past few years, totalling 12.8 trillion yuan (about 2.1 trillion U.S. dollars) by the end of May, a senior official of China's central bank said Saturday.
The growth of China's WMPs market had been at a rate of between 60 and 80 percent annually for a few years before it decelerated to 30 to 40 percent in 2013, Pan Gongsheng, vice governor of the People's Bank of China (PBOC), said at a forum in eastern coastal city of Qingdao.
While the focus of China's WMPs market development used to be on mobilizing social resources to support the growth of the real economy, the authorities would do more to ensure the value of people's financial assets preserved and increased, Pan told the forum.
This is not only a financial issue, but also a major economic and social issue, as it involves the readjustment of the income distribution system and the economic restructuring, he added.
Regulation of the WMPs market should be strengthened to control risk and push forward the healthy development of the sector, Pan said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinas wealth management products total 21tr Arab Today, arab today chinas wealth management products total 21tr

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinas wealth management products total 21tr Arab Today, arab today chinas wealth management products total 21tr

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday