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China c.bank issues new rules on US$15 tril asset management sector

Mimi Sabreena 3:05:00 PM Informasi

BEIJING (April 27): China's central bank unveiled far-reaching rules on the asset management sector on Friday, including regulations on leverage limits and a ban on implicit guarantees, as part of broader efforts to reduce financial risks.

Market players have been awaiting the release of the final version of the new rules for China's US$15 trillion asset management. Banks have protested that the draft rules are too stringent, and could pose a potential trigger for systemic risks.

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