Asset management business refers to the behavior that securities companies, as asset managers, provide investors with investment management services of securities and other financial products in accordance with the relevant laws and regulations and the asset management contracts signed with investors, in accordance with the ways, conditions, requirements and restrictions stipulated in the asset management contracts, so as to maximize asset returns. Securities companies engaged in asset management business shall obtain business qualifications recognized by the securities regulatory authorities; The company's net capital is not less than 200 million yuan, and all risk control indicators meet relevant regulatory requirements. The net capital limit for establishing a limited aggregate asset management plan is 300 million yuan, and the net capital limit for establishing an unrestricted aggregate asset management plan is 500 million yuan.
I. Risk control index standard
The net capital of a securities company engaged in securities brokerage business shall not be less than RMB 20 million.
Securities companies engaged in securities underwriting and sponsorship, securities self-management, securities asset management and other securities business, the net capital shall not be less than 50 million yuan.
Securities companies engaged in securities brokerage business, securities underwriting and sponsorship, securities self-management, securities asset management and other securities business, the net capital shall not be less than 654.38 billion yuan.
Securities companies engaged in more than two securities underwriting and sponsorship, securities self-management, securities asset management and other securities business, the net capital shall not be less than 200 million yuan.
On May 3 1, China Securities Regulatory Commission will officially issue the Detailed Rules for the Implementation of Directed Asset Management Business of Securities Companies (Trial) and the Detailed Rules for the Implementation of Aggregated Asset Management Business of Securities Companies (Trial), further refining the asset management business rules and risk prevention of securities firms. The implementation of the two detailed rules is a new starting point for the routine development of two businesses: directed asset management and collective asset management under the asset management of securities companies. The implementation details of the above two businesses will be formally implemented on July 1 2008.