National Administration of Financial Regulation, Implementing Measures for the Administrative Permission Items of Non-Bank Financial Institutions (Draft for Comments)

国家金融监督管理总局非银行金融机构行政许可事项实施办法 (征求意见稿)

August 25, 2023 | BY

Susan Mok

National Administration of Financial Regulation permits overseas non-financial institutions to serve as investors in financial asset management companies.

Issued: July 21, 2023

Main contents: The Measures permit overseas1 non-financial institutions to serve as investors in financial asset management companies and abolish the requirement in respect of the total assets of overseas financial institutions that serve as investors in financial asset management companies.

The Measures simplify the examination and approval procedures for bond offerings and the qualifications of certain personnel, abolishing examinations and approvals for the offering of non-capital bonds by non-bank financial institutions and the examinations and approvals of the qualifications of the person in charge of the finance department and the internal audit department of financial asset management companies, replacing the same with a post-event reporting system.

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