BDP Global to Open an Office in Mainland China
Chinese authorities considering rules to restrict investments by small banks in the country's $3.5 trillion wealth management product industry as BDP Global looks to capitalize and move into the mainland.
- (1888PressRelease) November 05, 2016 - Douglas Bancroft BDP Global's Chief Investment Officer believes now is the perfect storm to make a move into mainland China. He stated that "Chinese authorities have been taking steps to restrict the growth of the myriad of wealth management products available in China which suits us perfectly" .
The reason he went on to say was "As we are focusing on low risk investments and not on speculative or high risk investments, like real estate, volatile small-cap stocks or high-yield loans which are being rolled out to high-risk borrowers, we fit into the direction China wants to take by offering clients bonds instead of stocks".
BDP Global has located offices in The Beijing Central Business District and expects to move in around April 2017. Douglas Bancroft said "We have found suitable offices in the heart of the financial district and will soon be looking to recruit staff, the office will be totally focused on the Chinese market and will be 100% staffed by Chinese nationals".
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