CMBC Joined Hand in Hand with 11 Foreign Banks to Discuss the Structured Wealth Management Products

2008-5-19 16:02:11

        On May 12, CMBC Financial Market Dept. invited related business principals from 11 international famous investment banks, commercial banks and CBRC to attend the “Seminar on Structured Wealth Management Products” with the theme of “Joining hand in hand in the future, Seeking Common Development” in Qingdao, Shandong.
        This is the first time for domestic commercial bank to gather experts from well-known banks in structured derivative products to discuss the problems met in business development and future business development trend. While CBRC enhances its supervision over the wealth management business of commercial banks, CMBC is continuously exploring to development its wealth management business in depth.
        Following are the topics primarily discussed at the Seminar: brief on structured derivative products, development of structured derivative products and experiences for reference, internal macroeconomic situation and its influences on the structured wealth management business, asset management trend in Europe and Asia, how to improve the capacity of Chinese banks in the pricing and valuation of structured products, design of structured derivative products, and risk control in operation, types of structured products, and its development trend at the retail end, communication and cooperation between product design department and internal related departments.
        At the Seminar, 15 experts from 11 investment banks, including Lehman Brothers, UBS, Deutsche Bank, Merrill Lynch, CitiBank, Morgan Stanley, BNP Paribas, SG CIB, and J.P. Morgan Chase, carried out in-depth discussion on the development of structured wealth management products in different fields of business.
        “The meeting is just a beginning”, said Yan Junwei, President of CMBC Financial Market Dept., in the future, “we will frequently invite foreign and domestic senior staff to discuss the development of various wealth management services, so that enable CMBC to keep close to international peers in the design of wealth management products, risk control and investor education.

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