CSRC:Unifiedrulesforassetmanagementbeingdrafted -Business-Chinadaily.com.cn

2021年5月5日 by 没有评论

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ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperBusiness /MarketsEconomyPolicy WatchChina DataCompaniesMarketsIndustriesOpinionMotoringGadgetsGreen ChinaCSRC: Unified rules for asset management being draftedBy Cai Xiao(China Daily)Updated:2014-06-14 07:25Comments Print Mail Large Medium SmallThe China Securities Regulatory Commission said on Friday that it is planning unified regulatory rules for the asset management sector as part of its efforts to foster a good business environment and spur innovation.”Unified regulatory rules will benefit investors as it encourages understanding of various financial products and also creates a fair competition environment for asset management companies to develop business,” said Deng Ge, a CSRC spokesman.Asset firms can resolve local debt Huarong Q1 profits up by 75% At present, the financial sector in China faces multiple supervision, with varied regulatory standards. This leads to higher regulatory costs and encourages arbitrage activities, market sources said.The CSRC has earlier this month issued a regulation for promoting innovation in securities and investment funds. According to the regulation, China plans to set up modern asset management institutions that will chart a different development path and focus more on innovation.Deng said that the regulator will revise the provisional regulation on currency funds later this year.”We are also studying the cooperation between currency funds and the Internet to guard against systemic risks,” he said.Currency funds have developed rapidly in China since the second half of 2013, and reached a scale of 1.9 trillion yuan ($304 billion).The CSRC said that it would fine-tune rules to enable foreign funds to participate in the pilot program allowing cross-border stock investments by investors in the Chinese mainland and Hong Kong.The pilot program, which was announced earlier in April, allows investors in Hong Kong to buy and sell up to 13 billion yuan of stocks in certain companies each day at the Shanghai Stock Exchange, while mainland investors may buy and sell up to 10.5 billion yuan of stocks at the Hong Kong exchange.8.03KRelated StoriesLicenses granted to 50 fund managersBad debts offer good opportunity for asset management firmsProvinces drawing up plans for State asset managementAsset firms can resolve local debtChinas Huarong earnings exceed 10b yuan in Q3Assets under bank management hit $3.6tPhotoTop 10 most competitive cities for mobile InternetWheat straw transformedWuhan area wrapped in smogMushrooming profitsOculus Rift virtual reality gears draw fans in E3Top 10 most attractive FDI destinations in the worldChina Economy By NumbersChina Economy by Numbers – Dec China Economy by Numbers – Nov NewsmakerFinding the right niche in China Making the right movesMost ViewedTodays Top NewsGhanas central bank to encourage use of Chinese yuanNE China city eases home buying restrictionsChangan recalls 37,861 vehicles in ChinaChina introduces ratings on local govt bondsChinas power consumption rises 5.2% in Jan-MayChina Eastern to buy 80 Boeing jetsLingyun reaps rewards from German acquisitionRealty data shares hit rough patch amid sales downturnHot TopicsFiat SpAPeugeot SATaxi appInternet financeHousing priceDisneyland12306.cnWeChatEditors PicksWorlds top 10 most attractive FDI picks Top 10 new business leaders in China Worlds most powerful female billionaires Made-in-China hit World Cup goal SpecialsTurning point of Chinese property marketThe changing face of Chinas workforceFoxconn: 4 years on…Media : |State Administration of Foreign Experts Affairs|QQ International|Peopleforum|workercn.cn|Partners : |State Administration of Foreign Experts Affairs|QQ International|Peopleforum|workercn.cn|Portals : |www.chinaso.com|Sina|Sohu|Tencent|Organizations : |China US Focus|FrenCham|CPAFFC|Gov.cn|eBeijing|AmCham|…| About China Daily | Advertise on Site | Contact Us | Job Offer |Copyright 1995 -. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.License for publishing multimedia online 0108263             Registration Number: 20100000002731      

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