December 29, 2017 / 9:39 AM / a month ago

China issues notice on capital management for financial AMCs: regulator

BEIJING (Reuters) - China’s banking regulator said on Friday that it has issued a notice on the capital management for financial asset management companies.

The leverage ratio at the parent companies of asset management firms must not be lower than 6 percent, the China Banking Regulatory Commission (CBRC) said, adding that the rules will take effect from Jan. 1, 2018.

Reporting by Beijing Monitoring Desk; Editing by Sam Holmes

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