What will an offshore yuan trading center in London mean for wealth managers?

A forum has been established between the UK and the Hong Kong Monetary Authority (HKMA) to discuss the development of London as an offshore yuan trading center. Reaching the status that Hong Kong holds for the offshore currency will not happen overnight, but wealth managers should be aware of approaching implications.

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Wealth management in China: affluent population on the rise

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UnionPay set to shake up US card market

China UnionPay's entrance into the US payment card market with a prepaid card offering signals a bold strategic move by the payment network to not only tap into the growing popularity of prepaid cards, but also to expand its consumer reach and global brand presence. If successful, UnionPay could potentially spell bad news for major payment providers and their standing in the market.

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The launch of Centurion may be the first step to market maturity in China

American Express recently announced that its premium, invitation-only Centurion card is being made available in China through the Industrial and Commercial Bank of China and China Merchants Bank. While payments in China are rapidly evolving, in some respects the market is beginning to enter the first stages of maturity.

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Targeting the wealthy Chinese entrepreneur

With the establishment of private banking onshore in China, players from around the world have been scrambling to enter the country's fast-growing and potentially lucrative wealth market. However, the Chinese high net worth investor is not the typical affluent client, and wealth managers would do best to tailor their propositions to the needs of these entrepreneurs.

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Taming the dragon

China is a country that is in the limelight at the moment - nearly all banks and insurers want to 'tame the dragon' and gain from entering one of the world's largest and fastest-growing financial services markets. However, regional economics, divergent customer preferences and unstable growth patterns within China will all make it tricky. Datamonitor's Simon Pearse maps out the route...

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Standard Chartered: ready to enter China's credit card market

Standard Chartered has announced that it planned to incorporate itself in China in anticipation of issuing credit cards next year. If it is successful, it will be the first foreign-funded bank to issue cards in China. However, given the reluctance of Chinese authorities to encourage foreign banking activity to date, the bank may well have yet more regulatory hurdles to clear.

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Standard Chartered: quietly happy

Some commentators think that Standard Chartered's dual listing exercise was a failure - but they're wrong. The bank has achieved the primary aim of its listing: commitment and control transfer to Asia. The company is now in a very good position to expand into booming, regulator-dominated Asia-Pacific markets such as mainland China.

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Standard Chartered: coming out of its corner fighting

With its core markets floundering, China looks to be an attractive option for UK-based banking group Standard Chartered. However, the $1,259 billion market has hidden obstacles that could limit the banks success in the region. It will not be easy for Standard Chartered to achieve its targeted 20% return on equity.

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Savings & investments: China to grow at 11.8%

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