Standard Chartered analysts point out that the China’s asset management industry suffered a contraction last year due to the introduction of stringent guidelines. Key Quotes “Total assets under management (AUM) of wealth management products (WMPs) sold by banks, trusts, funds, brokerages, futures and insurance companies fell for the first time in 2018, to CNY 121.6tn at year-end from CNY 124.0tn at end-2017; but fine-tuning of the policy tone in mid-2018 led to a mild recovery in H2-2018.” “We expect China’s asset management industry to recover in 2019. Financial conditions have eased in recent months, mitigating the growth downturn. The authorities have become more receptive to the role of shadow banking in supporting the real economy. While there is no directional change in the regulation of the asset management industry, the grace period to exit non-compliant products will likely be extended. The share of NAV products is likely to rise over time.” “We expect banks to set up wealth management subsidiaries to ring-fence the business from the parent bank. For non-banks, trust companies and securities firms were hit hard by the new guidelines, while public and private funds continued to grow.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Coinbase sets foot in India: Ignores RBI banking support ban FX Street 4 years Standard Chartered analysts point out that the China's asset management industry suffered a contraction last year due to the introduction of stringent guidelines. Key Quotes "Total assets under management (AUM) of wealth management products (WMPs) sold by banks, trusts, funds, brokerages, futures and insurance companies fell for the first time in 2018, to CNY 121.6tn at year-end from CNY 124.0tn at end-2017; but fine-tuning of the policy tone in mid-2018 led to a mild recovery in H2-2018." "We expect China's asset management industry to recover in 2019. Financial conditions have eased in recent months, mitigating the growth downturn. The authorities… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.