China Banking Regulatory Commission, Circular on Matters Relevant to Regulation of the Cooperation Between Banks and Trust Companies on Wealth Management Business
中国银行业监督管理委员会关于规范银信理财合作业务有关事项的通知
Co-wealth management business between banks and trust companies now being controlled.
Issue: September 2010
CLP Reference: 3610/10.08.12
Promulgated: 12 August 2010
Effective: 12 August 2010
Keywords (click to search):
banks
trust companies
wealth management business
Issued: August 12 2010
Effective: as of date of issuance
Applicability: The phrase “cooperation between banks and trust companies on wealth management business” means that commercial banks entrust the funds of individual clients (including private banking clients) and institutional clients with trust companies for wealth management purpose, which shall manage, utilise or dispose...
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