CBIRC says to prevent rebound of shadow banking

China Banking and Insurance Regulatory Commission (CBIRC) said on May 26 that its next step would be to continue to strengthen shadow banking supervision based on previous work to prevent its rebound.

China Banking and Insurance Regulatory Commission (CBIRC) said on May 26 that its next step would be to continue to strengthen shadow banking supervision based on previous work to prevent its rebound.

It will promote the introduction of the Trust Management Measures and “Trust Company Capital Management Measures and other regulations to guide the high-quality development of trust companies.

CBIRC will urge banks to strictly implement relevant rules of Supervision and Management Measures for the Wealth Management Business of Commercial Banks and Administrative Measures for the Wealth Management Subsidiaries of Commercial Banks, and standardize the development of wealth management services.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/27/cbirc-says-to-prevent-rebound-of-shadow-banking/.

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