CBRC issues notice to regulate wealth management cooperation between banks and trust companies

11 February 2011 | 1 minute read

The China Banking Regulatory Commission (CBRC) has issued a notice to further regulate the wealth management cooperation between banks and trust companies to prevent risks and to ensure safe and sound development of the industry. According to the notice, commercial banks must transfer the off-balance-sheet assets concerning bank-trust wealth management cooperation into their balance sheets by the end of 2011….

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