February 22, 2017 / 9:18 AM / 5 months ago

China's regulators to create asset management supervisory framework

1 Min Read

BEIJING, Feb 22 (Reuters) - China's central bank and other financial regulatory bodies are creating a universal framework for the oversight of the asset management industry, Chen Wenhui, the vice chairman of the country's insurance regulator, told a news conference.

Reuters reported earlier on Wednesday China's financial regulators had circulated a draft framework of new rules aimed at curbing risks and reducing leverage in the booming asset management industry.

Reporting By Matthew Miller, Writing By Shu Zhang

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below