Wu Zhiguo
Wu Zhiguo
backing bonds face forecast government haven jump markets means policy provide risk stock
The bonds were forecast to jump as their government backing means little risk to investors. As the country's stock markets still face policy uncertainties, these bonds provide a haven for investors.
channels competition mean prevent rules work
Competition is set to intensify. For investors, it's encouraging to see more products, which mean more channels for diversifying investments. But regulators must work out rules to prevent risks.
banks based bonds domestic experience expertise good investment managing pursue
Domestic banks have experience and expertise in managing investment in low-risk bonds based on their long-history in asset-management businesses. It's good for ICBC to pursue the plan.
contain gives pace program revenue securities slow
It gives brokers a new revenue channel. The program may be expanded to more securities firms but the pace will be slow as authorities want to contain risks.
funds help protect rules
The rules will not only protect investors' funds but also help regulators better streamline brokerages' businesses.
banks bigger competition costs earnings expand rose track
Stiffer competition from bigger state-owned banks may have contributed to the earnings drop. Besides, costs probably rose as the bank was on track to expand out of the city.