Bloomberg reports that after the Politburo of the Communist Party of China emphasizes the need to boost investor confidence, the China Securities Regulatory Commission is soliciting opinions on how to accelerate the development of the asset management industry.
Bloomberg News on Thursday (August 17) quoted sources who did not want to be named.
According to reports, the request of the CSRC requires the asset management business of securities companies, fund management companies, and futures companies, and these are all areas of the Securities Regulatory Commission supervision.
The Political Bureau of the Communist Party of China proposed at a meeting on July 24 that the capital market should be active and boost investor confidence.
Sources said that the Securities Regulatory Commission sought opinions on the problems, problems, and possible solutions of the asset management business. The topic includes whether the current laws and regulations need to be modified to seek better development.
The Securities and Futures Commission reported that they also solicited opinions from the possibility of different laws and regulations from the Securities Regulatory Commission and the State Administration of Finance and Administration of China.
Sources also said that the CSRC asked whether the asset management industry had sufficiently serving the real economy, as well as the main obstacles faced by long -term investment institutions such as banks and insurance companies when they entered the market.
