News
Wealth management gives Impetus to ICBC's transformation
ICBC's balance of assets under management reached RMB 609.4 billion at the end of November 2010. Thus ICBC tops the domestic league table and remains as the largest asset management bank in the country. The robust growth of the asset management business not only boosts the Bank's intermediary business earnings, but also brings good return to the customers. Just in 2010, ICBC paid RMB 11.8 billion in investment return to customers.
Public Mutual maintains leadership in private trust industry
Public Mutual Berhad maintained its market leadership position in the private unit trust industry with an overall market share of 43 per cent.
Société Générale to ramp up Japanese private banking arm
Société Générale Private Banking (Japan) plans to hire more than 10 people by the end of this year.
HSBC Jintrust China Consumption Fund raises $338mln
This was during the initial public offering from 1 November to 3 December, with investors said to be attracted to consumption-themed products tied to China’s growth story.
