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Top News In Shanghai Tiantian Fund Distribution Today - Breaking & Trending Today

A Top China Fund Manager Boosts LGFV Holdings After Policy Vows

(Bloomberg) One of China’s best-performing bond fund managers boosted holdings of local government financing vehicles after a key economic policy meeting last month fueled optimism in the debt-laden sector.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleMaui Now Looks a Lot Less Like ParadiseBankman-Fried in Custody After Bail Is Revoked O ....

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Chinese banks explore e-yuan for selling investment funds and insurance

Chinese banks explore e-yuan for selling investment funds and insurance
cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.

Zhang Min , Communications Bocom , South China Morning Post , China Construction Bank , Shanghai Tiantian Fund Distribution , Government Backed Chinese , Qian Bin , Financial Consumer Rights Protection Bureau , Chinese Bitcoin , Yingjiang County ,

Chinese state-run banks reportedly are looking to expand digital yuan usage to sales of investment funds and insurance

Chinese state-run banks reportedly are looking to expand digital yuan usage to sales of investment funds and insurance
businessinsider.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com.au Daily Mail and Mail on Sunday newspapers.

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Ant leapfrogs banks to top China fund sale rankings

Ant leapfrogs banks to top China fund sale rankings
Reuters
2 hrs ago
By Andrew Galbraith and Samuel Shen
© Reuters/ALY SONG
FILE PHOTO: A sign of Ant Group is seen during the World Internet Conference in Wuzhen
(In third paragraph, clarifies amount is outstanding fund value at quarter-end, not sales in the quarter)
By Andrew Galbraith and Samuel Shen
SHANGHAI (Reuters) -Alibaba affiliate Ant Group became China s largest seller of non-money-market mutual funds in the first quarter, industry data showed, disrupting a market dominated by banks despite a regulatory crackdown.
Ant and Alibaba are being targeted by Beijing s anti-monopoly campaign. Regulators have urged Ant to reduce the size of Yu ebao, China s biggest money market fund managed by Ant-controlled mutual fund house Tianhong. ....

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Ant leapfrogs banks to top China fund sale rankings - Netscape Money & Business

Ant leapfrogs banks to top China fund sale rankings
By Andrew Galbraith and Samuel Shen
Reuters
By Andrew Galbraith and Samuel Shen
SHANGHAI (Reuters) -Alibaba affiliate Ant Group became China s largest seller of non-money-market mutual funds in the first quarter, industry data showed, disrupting a market dominated by banks despite a regulatory crackdown.
Ant and Alibaba are being targeted by Beijing s anti-monopoly campaign. Regulators have urged Ant to reduce the size of Yu ebao, China s biggest money market fund managed by Ant-controlled mutual fund house Tianhong.
Outstanding non-money-market mutual funds sold by Ant s fund sales arm were worth 890.1 billion yuan ($138.23 billion) at the end of the first quarter of 2021, according to data released late Thursday by the Asset Management Association of China (AMAC). ....

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