People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission and State Administration of Foreign Exchange, Guiding Opinions on Regulating the Asset Management Business of Financial Institutions (Draft for Comments)
中国人民银行、银监会、证监会、保监会、外汇局关于规范金融机构资产管理业务的指导意见 (征求意见稿)
March 30, 2018 | BY
Susan Mok Issued: November 17 2017 Main contents: A financial institution may not provide roundabout services for the asset management product of another…
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Issued: November 17 2017
Main contents: A financial institution may not provide roundabout services for the asset management product of another financial institution for the purpose of circumventing regulatory requirements in respect of the scope of investment, leverage constraints, etc.
An asset management product may invest in a single-layer asset management product, but the investment management product invested in may not invest in another asset management