Economics
China to Draft Rules to Rein in Asset Management Risks
- Draft rules include move to end implicit government guarantees
- New rules would be phased in as existing products mature
China Said Drafting Asset Management Risk Restrictions
This article is for subscribers only.
China’s financial regulators are working together to draft sweeping new rules for the country’s rapidly-expanding asset-management products that aim to make it clear there’s no government guarantees on such investments, according to people familiar with the matter.
The draft rules would apply to products issued by banks, insurers, brokerages and other financial institutions, said the people, who asked not to be identified because the discussions are private. The rules would be phased in after existing products mature, and would only apply to new issues, they added.