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CBIRC issues guidelines for capital management at WM subsidiaries

The China Banking and Insurance Regulatory Commission (CBIRC) has issued the Measures for the Administration of the Net Capital of Wealth Management Subsidiaries of Commercial Banks (for Trial Implementation) (the “Measures”) which will become effective from 1 March 2020. The promulgated Measures preserve the two net capital supervision requirements present in the draft which was circulated in September and October….

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