The People’s Bank of China and the China Banking and Insurance Regulatory Commission’s (CBIRC) imminent publication of the transition plans for mainland banks’ ‘non-standard’ asset holding is returning the arbitrariness of the definition for the so-called asset category into the public consciousness. In its latest draft rules for banks’ wealth management activities, the CBIRC said Chinese lenders should cap their…
Have a confidential tip? Get in touch [email protected]