China’s central bank will extend a grace period for financial institutions to comply with sweeping new asset management rules issued in 2018 and set to take effect in the end of 2020.
Considering the impact of the coronavirus pandemic on the economy and the great pressure faced by financial institutions in transforming their asset management business, the transition period will be extended by one year to the end of 2021, according to a statement released by . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - Up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information about China is everywhere, but information with details and relevant to your investment is rare.
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In