China Banking and Insurance Regulatory Commission, Measures for the Administration of the Net Capital of Wealth Management Subsidiaries of Commercial Banks (Trial Implementation) (Draft for Comments)

中国银行保险监督管理委员会商业银行理财子公司净资本管理办法 (试行) (征求意见稿)

October 16, 2019 | BY

Susan Mok

Regulatory criteria for net capital are laid out for wealth management subsidiaries of banks

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Issued: September 25, 2019

Main contents: A wealth management subsidiary of a bank shall continuously satisfy the following regulatory criteria for net capital:

(1) may not be less than Rmb500 million or the equivalent in a freely convertible currency, and may not be less than 40% of its net