HONG KONG -- BNP Paribas Asset Management aims for its wealth management venture in China to break even by the end of 2026, even as it warns that risk-averse investors and nearly identical wealth products are creating headwinds for foreign banks looking to tap the multitrillion-dollar market.
Finance
BNP Paribas hopes China wealth management arm to break even by 2026
CEO of venture remains 'cautious' in face of foreign bank onslaught into market
Risk-averse investors are creating headwinds for foreign banks looking to tap China's multitrillion-dollar wealth management market. © Reuters
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