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

31 July 2018 | 4 minutes read

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…

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