Regulatory freedoms granted to segregated-account subsidiaries of Chinese fund firms have seen the segment swell, but the risk of investor losses is going unnoticed, say sources.
Tag : cbrc
As the China Banking Regulatory Commission sets out requirements for wealth-management product providers, analysts highlight issues around WMPs.
Competition is hotting up in China's funds industry, with the arrival of more bank-backed asset managers set to make life even more difficult for other players.
The CBRC says principal and non-principal guaranteed wealth management products issued by banks should not fall under shadow-banking. But this doesn't appear to address the risks.
Chinese trust companies are expecting the regulator to broaden the range of securities they are permitted to invest in, until they are eventually on a par with fund managers and securities firms.
