The China Banking and Insurance Regulatory Commission (CBIRC) has introduced new guidelines to encourage foreign institutions to participate in the country’s wealth management market. This would attract them to enter into the onshore market and address shadow banking risks.
China's banking and insurance watchdog has published a new set of rules to encourage foreign funded institutions to collaborate with their parent banks and participate in the wealth management market. Under the new framework, onshore institutions and offshore parent banks will be able to support and service structured products. The new Guiding Opinions on Promoting the High-Quality Development of the Banking and Insurance Industries follows a circular on Carrying on Certain Businesses by Foreig
Continue reading with a subscription to the SRP market intelligence platform.
Request DemoAlready a subscriber? Login