New Chinese rules open up insurance fund products
A new set of rules from the CBIRC will enlarge the investor base for insurance asset management products. This could ramp up investor demand.
Regulatory requirements for different insurance asset management products are currently scattered across multiple regulations but the China Banking and Insurance Regulatory Commission (CBIRC) is putting an end to it with a unified set of rules that will come into effect on May 1.
Insurance asset management products can be sold to wealthy individuals and institutions including pension funds, but the private funds are required to follow stricter risk management standards, according…
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