By Roy Zhang and Eric Liu, Llinks Law Offices, Shanghai
In China, commercial banks' individual wealth management business is still a developing market. Although this business segment has evolved quite
New Regulations on Commercial Banks' Individual Wealth Management Businesses
A relief in the restriction of the types of financial products offered by commercial banks broadens and diversifies the personal wealth management services they offer. Permitting banks to offer higher rates than the PBOC rate, and allowing wealth management products other than deposits, banks now enjoy higher competitiveness in the financial industry. The Tentative Measure provides for the relevant administration and risk management rules.
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