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…
Private Banking in the Middle Kingdom: Meaningfulness of Chinese regulators’ ‘non-standard’ asset label under question
