China Banking Regulatory Commission, Measures for the Administration of the Sale of Wealth Management Products of Commercial Banks
中国银行业监督管理委员会商业银行理财产品销售管理办法
Assessment of the risk bearing capacities of customers required for the sale of wealth management products of banks.
Issue: November 2011
CLP Reference: 3600/11.08.28
Promulgated: 28 August 2011
Effective: 01 January 2012
Keywords (click to search):
wealth management products
commercial banks
risk bearing capacities
Promulgated: August 28 2011
Effective: January 1 2012
Interpreting authority: China Banking Regulatory Commission
Applicability: For the purposes of these Measures, the phrase “sale of wealth management products of commercial banks (Wealth Management Products)” means the publicising, promotion and sale by a commercial bank to individual customers and institutional customers (hereinafter collectively referred to as “Customers”) of Wealth Management Products that it has developed and designed itself, as well as the handling of the purchase and redemption thereof (Article 2).
Main contents: When a commercial bank provides Wealth Management Product sales services to private bank Customers and high net asset value Customers, it shall carry out assessments...
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