China Banking and Insurance Regulatory Commission, Measures for Administration of the Internal Controls of Wealth Management Companies

中国银行保险监督管理委员会理财公司内部控制管理办法

September 19, 2022 | BY

Susan Mok

A wealth management company is required to continuously track the changes in the risk monitoring indicators of each wealth management product

Share:

Promulgated: August 22, 2022

Effective: as of date of promulgation

Applicability:    These Measures shall govern wealth management companies, including wealth management subsidiaries established in the People's Republic of China by commercial banks in accordance with the law, and other non-bank financial institutions mainly engaged in wealth management business and the establishment of which has been approved by the China Banking and Insurance Regulatory Commission (Article 2).

The personnel of the shareholders,de facto controller and affiliates of a wealth management company may not, in