China Banking Regulatory Commission, Circular on Matters Relevant to Improving the System for the Organisation and Management of a Bank's Wealth Management Business

中国银行业监督管理委员会关于完善银行理财业务组织管理体系有关事项的通知

Banks required to set up dedicated wealth management departments.

2 minute readSeptember 12, 2014 at 05:16 AM

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Issued: July 10 2014

Main contents: The Circular consists of a total of 15 articles, with the main contents including: requiring banks to establish dedicated wealth management business departments that are responsible for the centralised operation and management of the entire bank's wealth management business

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