Regulators Poised to Restrict Asset Management Niche

(Beijing) – Regulators appear ready to tighten the reins on a 8.56 trillion yuan portion of China's asset management industry that's been expanding rapidly – and some say dangerously – under the wings of investment funds.

A draft copy of a proposed regulation obtained by Caixin shows the China Securities Regulatory Commission (CSRC) would make it harder for fund companies to set up more loosely regulated subsidiaries that offer flexible asset management services.