China Banking Regulatory Commission, Circular on Issues Relevant to Regulating the Investment Operation of the Wealth Management Business of Commercial Banks
中国银行业监督管理委员会关于规范商业银行理财业务投资运作有关问题的通知
May 11, 2013 | BY
CLP Temp &CBRC rectifies wealth management operations of banks.
Issued: March 25 2013
Effective: as of date of issuance
Applicability: “Non-standard debt assets” refers to the debt assets that have not been traded on the interbank market or stock exchange market, including but not limited to credit assets, trust loans, entrusted creditor's rights, banker's acceptances, letters of credit, accounts receivables, all types of beneficiary rights and rights to returns, and equity financing with repurchase clauses (Article 1).
Main contents: Commercial banks shall reasonably control the total amount of investment in non-standard debt assets with funds from their wealth management business. The balance of such investment at any time shall be capped at 35% of the balance of wealth management products or 4% of the total assets disclosed in the audit report of the commercial bank in the previous year, whichever is lower (Article 5).
clp reference:3610/13.03.25 issued:2013-03-25 effective:2013-03-25Issued: March 25 2013
Effective: as of date of issuance
Applicability: “Non-standard debt assets” refers to the debt assets that have not been traded on the interbank market or stock exchange market, including but not limited to credit assets, trust loans, entrusted creditor's rights, banker's acceptances, letters of credit, accounts receivables, all types of beneficiary rights and rights to returns, and equity financing with repurchase clauses (Article 1).
Main contents: Commercial banks shall reasonably control the total amount of investment in non-standard debt assets with funds from their wealth management business. The balance of such investment at any time shall be capped at 35% of the balance of wealth management products or 4% of the total assets disclosed in the audit report of the commercial bank in the previous year, whichever is lower (Article 5).
clp reference:3610/13.03.25 issued:2013-03-25 effective:2013-03-25This premium content is reserved for
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