China Banking Regulatory Commission, Measures for the Regulation of the Wealth Management Business of Commercial Banks (Draft for Comments)

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)

A wealth management product of a commercial bank may not directly or indirectly invest in securities investment funds, other than money market funds or debt funds, the publicly or privately offered or traded shares of domestically listed companies or the right to benefit therein, or the equity of unlisted enterprises or the right to benefit therein, with the exception of wealth management products that are targeted at private bank customers with relevant investment experience and relatively robust risk-bearing capacity, high net worth customers and institutional customers (Article 35).