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China regulator publishes internal control rules for wealth management companies

reuters.com · 04/29/2022 04:00
China regulator publishes internal control rules for wealth management companies

- China's banking and insurance regulator on Friday published draft rules regulating internal control and management at wealth management companies.

Such rules included that wealth management companies should not use funds to conduct improper transactions with related parties, transfer of benefits, insider trading or market manipulation, according to an online statement.



(Reporting by the Beijing Monitoring Desk; editing by John Stonestreet)

((winni.zhou@thomsonreuters.com; +86 21 2083 0100; Reuters Messaging: winni.zhou.thomsonreuters.com@reuters.net))