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Individual investable assets as per top markets png – tmsnrt.rs/2SafPar. Chinese citizens collectively held investable financial assets of around 133 trillion yuan at end-2017 and the pool would rise to 175 trillion yuan by 2020, consultancy PwC said in a report in October. Regulatory measures to boost scrutiny and transparency in the wealth management business augur well for foreign players already used to close regulatory scrutiny, it said groomsmen cufflinks. Apart from cracking down on the sale of shadow banking-linked wealth products, China is also getting local banks to set up separate subsidiaries for their wealth management business for better oversight..
Lam said that those regulatory initiatives would “educate investors about risk and suitability – and that’s good for us”. China is one of Citi’s 10 markets in Asia that generate over $500 million in revenue annually. Besides wealth management, the bank’s onshore China businesses include retail, corporate and commercial banking groomsmen cufflinks. Under new rules announced by Beijing in late 2017, foreign firms can now own 51 percent of an onshore Chinese securities joint venture, which provides debt and equity underwriting and financial advisory services..
WASHINGTON (Reuters) – The U.S. Commerce Department’s Bureau of Economic Analysis (BEA) said on Monday it was delaying the release of advance fourth-quarter gross domestic product and December personal income reports scheduled for this week because of the just-ended five-week partial shutdown of the federal government. The BEA said the publication of December’s trade report, which had been scheduled for next Tuesday, had also be postponed groomsmen cufflinks. It said no new release dates had been set for the reports..
WASHINGTON (Reuters) – The government report on U.S groomsmen cufflinks. gross domestic product, a major measure of the country’s economic health, will be released next week, White House economic adviser Larry Kudlow told reporters on Monday, as federal agencies work to return to normal after a partial shutdown that put them on pause for more than a month. “I still think the economy is very strong,” Kudlow said at a White House briefing. “The Commerce Department is reopening. We’re going to get a GDP report probably next week. We’re going to get a jobs report this Friday.”..
NEW YORK (Reuters) – Oil fell about 3 percent on Monday, its biggest one-day percentage drop in a month, after an increase in U.S. crude drilling pointed to further supply growth amid continuing concerns about a global economic slowdown. Brent crude oil futures sank $1.71, or 2.8 percent, to settle at $59.93 a barrel, while U.S groomsmen cufflinks. West Texas Intermediate crude slumped $1.70, or 3.2 percent, to settle at $51.99 a barrel. The last time both crude benchmarks saw bigger daily percentage drops was on Dec. 27..