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CBIRC Mulls Setting Min. RMB500M Net Capital Requirement for WM Subsidiaries of Banks
China Banking and Insurance Regulatory Commission (CBIRC) has consulted the public on the draft management measures on wealth management subsidiaries of commercial banks, pursuant ...
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CBIRC Mulls Setting Min. RMB500M Net Capital Requirement for WM Subsidiaries of Banks
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2019/09/20 16:35
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China Banking and Insurance Regulatory Commission (CBIRC) has consulted the public on the draft management measures on wealth management subsidiaries of commercial banks, pursuant to which the net capital requirement for wealth management subsidiaries of banks will be set at RMB500 million and the net capital could not be less than 40% of net assets.

CBIRC will continue to perfect the regulations governing the wealth management sector.
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