Explainer: A peek into China's $14.6 trillion asset management industry

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China is further opening up its financial markets to overseas investors, easing restrictions on foreign investments in securities, retail funds, private funds, banking and insurance fields.

FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration

The China Banking and Insurance Regulatory Commission is the administrative authority for the wealth management business and subsidiaries of commercial banks and the asset management business of the trust and insurance companies. In addition, the Asset Management Association of China has established a relatively complete set of self-regulatory rules covering private investment fund management institutions, fund products, qualified investors, fund custody, fund sales, fund investment, information disclosure, accounting, fund valuation and outsourcing of services, etc.Generally, the asset management products in China are organised in three forms: contract type, partnership type and company type.

 

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