Financial asset investment companies to be allowed for asset management business in China

The China Banking and Insurance Regulatory Commission (CBIRC) is in the process of preparing relevant requirements for financial asset investment companies to develop asset management business.

The China Banking and Insurance Regulatory Commission (CBIRC) is in the process of preparing relevant requirements for financial asset investment companies to develop asset management business.

According to people familiar with the matter, regulators may allow financial asset investment companies (AICs) to develop asset management business, accept investor entrustment, set up debt-to-equity investment plans and act as managers.

It will be allowed invest and manage the entrusted investor ’s property in accordance with the provisions of laws and regulations and the debt-to-equity investment plan contract.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/02/financial-asset-investment-companies-to-be-allowed-for-asset-management-business-in-china/.

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