Press "Enter" to skip to content

China set to impose tougher rules on banks’ cash management products business

CHECK THE WIRE FOR REAL-TIME NEWS UPDATES

China’s banking regulator is considering stricter rules on commercial banks' cash-management products (CMPs) business, part of its efforts to tame financial risks amid an economic slowdown. Some say, the rules, if implemented, will have a big impact on bond markets.

The regulator is considering using higher requirements for CMPs’ pricing, duration and investment and banks are required to comply by the end of this year, according to the China Banking and Insurance Regulatory Commission (CBIRC . . .

To continue reading, please subscribe. You will get

  • An indispensable and reliable source of information on China's economy and financial markets
  • Original and in-depth reporting 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a real-time financial news platform focused on China
  • Daily Brief newsletter to get you prepared for every trading day

FREE TRIAL cancel anytime

 

We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.

 

Already have an account? Sign In

Top