Caixin
Jul 25, 2018 11:38 PM
FINANCE

New Guidelines Soothe Pain of Asset Management Overhaul

A financial industry expert says newly announced rules on wealth management business are less strict than expected. Photo: VCG
A financial industry expert says newly announced rules on wealth management business are less strict than expected. Photo: VCG

* Markets respond favorably to near-simultaneous release of guidelines on Friday by the People’s Bank of China, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission

* Analysts and asset managers say April’s regulations have been relaxed on several key issues to strike a better balance between deleveraging and protecting economic growth

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