Related News
CBRC ban on banks' high-risk investment
THE China Banking Regulatory Commission yesterday said it had issued a new circular banning banks from investing wealth management funds in secondary-market stocks.
It also prohibited banks from investing wealth management funds in secondary-market securities-backed funds, equities of unlisted companies and shares in listed companies but not allowed to be issued or traded publicly, the commission said.
The circular said banks should not spend clients' funds on high-risk investments or too complicated financial products.
It urged banks to protect clients with medium or low incomes while providing rational investment services for high-end clients.
It said for those investors who demanded products with high risks, commercial banks could satisfy them through private banking services, which would not be affected.
It also prohibited banks from investing wealth management funds in secondary-market securities-backed funds, equities of unlisted companies and shares in listed companies but not allowed to be issued or traded publicly, the commission said.
The circular said banks should not spend clients' funds on high-risk investments or too complicated financial products.
It urged banks to protect clients with medium or low incomes while providing rational investment services for high-end clients.
It said for those investors who demanded products with high risks, commercial banks could satisfy them through private banking services, which would not be affected.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.