CSRC to encourage commercial banks to set up fund management companies

China Securities Regulatory Commission (CSRC) will increase policy support and guidance, and continue to promote the establishment of fund management companies by commercial banks, said Yi Huiman, chairman of the CSRC, at the series of activities of the second National Investor Protection Publicity Day.

China Securities Regulatory Commission (CSRC) will increase policy support and guidance, and continue to promote the establishment of fund management companies by commercial banks, said Yi Huiman, chairman of the CSRC, at the series of activities of the second National Investor Protection Publicity Day.

It will support equity fund product innovation, further expand fund investment advisory services, and better meet the financial needs of public investors.

The CSRC will continue to increase communication and coordination with relevant parties, promote the relaxation of the proportion and scope of various medium- and long-term funds entering the market, and promote the implementation of the policy of public pension funds for personal pension investment as soon as possible.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/18/csrc-to-encourage-commercial-banks-to-set-up-fund-management-companies/.

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