China Banking Regulatory Commission and State Administration of Foreign Exchange, Tentative Measures for the Administration of the Entrusted Overseas Financial Management Business of Trust Companies

中国银行业监督管理委员会、国家外汇管理局信托公司受托境外理财业务管理暂行办法

June 02, 2007 | BY

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Trust companies admitted to the QDII group.

Issued: March 12 2007
Effective: As of date of issuance
Interpreting Authorities: China Banking Regulatory Commission and State Administration of Foreign Exchange

Applicability: For the purposes of these Measures, the term "entrusted overseas financial management business" means the business activity wherein a domestic organization or an individual resident (the Settlor) entrusts funds that it/he/she lawfully owns to a trust company to establish a trust, and the trust company engages in the investment in specified financial products and in asset management overseas in its own name in accordance with the provisions of a trust document. The investment returns and risks are enjoyed and borne by the relevant parties in accordance with laws, regulations and the trust document (Article 2).

Main Contents: A trust company wishing to engage in entrusted overseas financial management business shall satisfy the following conditions:

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