CSRC seeks to curb banks’ outsourcing of bond mandates
The Chinese regulator is understood to be worried about liquidity risk and fund firm independence amid a rise in outsourcing of bond mandates by commercial banks.
China’s securities watchdog is said to have issued new rules on applications for new fund products design to package commercial banks’ exposure to bonds, amid concerns about rising liquidity risk. The aim is to protect retail investors’ interests and ensure the independence of fund managers.
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.