China crackdown on fund house subsidiaries set to force closures
Proposed capital rules for the $1.5 trillion fund subsidiaries segment are tougher than expected, as Beijing further turns the screw on the domestic investment and shadow-banking sectors.
China has unveiled plans to tighten supervision of fund house subsidiaries – a sector worth Rmb10 trillion ($1.53 trillion) – that look set to force the closure of many such businesses.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to AsianInvestor
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
¬ Haymarket Media Limited. All rights reserved.