China Banking Regulatory Commission, Measures for the Regulation of the Wealth Management Business of Commercial Banks (Draft for Comments)
中国银行业监督管理委员会商业银行理财业务监督管理办法 (征求意见稿)
August 30, 2016 | BY
Susan Mok &clp articlesPublished: July 27 2016 Main contents: A wealth management product of a bank may not directly or indirectly invest in the bank's credit…
Published: July 27 2016
Main contents: A wealth management product of a bank may not directly or indirectly invest in the bank's credit assets or the right to benefit therein, or in the wealth management products offered by the bank. A bank's wealth management product targeted at non-institutional customers may not directly or indirectly invest in non-performing assets or the right to benefit therein, unless otherwise provided by the China Banking Regulatory Commission. (Article 34)
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