General Office of the China Banking Regulatory Commission, Circular on Issues Relevant to Further Regulating the Personal Financial Management Business of Commercial Banks
中国银行业监督管理委员会办公厅关于进一步规范商业银行个人理财业务有关问题的通知
CBRC puts a halt to commercial banks’ selling of products linked to overseas funds.
Date:
May 2008
CLP Reference: 3600/08.04.03
Promulgated: 03 April 2008
Keywords (click to search): [personal financial management] [wealth management] [commercial banks] [overseas funds] [financial investment products]
Issued: April 3 2008
Main Contents: When naming financial management products, commercial banks may not use enticing or misleading words, or words that give promises, and may not use ambiguous language that underlies potential risks or is...
To continue reading this article, you must be a subscriber.
The rest of this article is available to subscribers only. Subscribe now to continue reading this article and to have full access to all other articles and full-text translations.