In order to strengthen the supervision and management of the wealth management business of commercial banks, promote the standardized and healthy development of the wealth management business of commercial banks, and protect the legitimate rights and interests of investors according to law, the Measures for the Supervision and Management of the Wealth Management Business of Commercial Banks are formulated in accordance with the Banking Supervision Law of the People's Republic of China, the People's Republic of China (PRC) Commercial Bank Law and the Guiding Opinions on Standardizing the Asset Management Business of Financial Institutions. China Banking Regulatory Commission promulgated and implemented on September 26th, 20th18th.
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The Measures are consistent with the New Regulations on Asset Management, and mainly put forward the following regulatory requirements for the wealth management business of commercial banks: First, implement classified management to distinguish between public offering and private offering. Public wealth management products are publicly issued to unspecified public, and private wealth management products are privately issued to no more than 200 qualified investors; At the same time, the sales starting point of a single public offering wealth management product will drop from the current 50,000 yuan to 1 10,000 yuan. The second is to standardize product operation and implement net worth management.
Require wealth management products to adhere to the principle of fair value measurement and encourage the measurement of investment assets by market value; Allow qualified closed-end wealth management products to be measured in amortized cost; During the transition period, under the premise of strict supervision, cash management wealth management products are allowed to confirm and measure the net value of wealth management products temporarily with reference to the valuation accounting rules of money market funds. The third is to standardize the operation of the fund pool and prevent the risk of "shadow banking".
Continuing the "three orders" requirements of separate management, separate account establishment and separate accounting of wealth management products, as well as the provisions on the limit and concentration of investment in non-standardized creditor's rights assets, it is required that wealth management products need term matching when investing in non-standardized creditor's rights assets. The fourth is to remove channels and strengthen infiltration management. In order to prevent idle funds, extend the provisions that wealth management products shall not be invested in wealth management products issued by the Bank or other banks; According to the "New Asset Management Regulations", asset management products invested by wealth management products are required not to "nest investment" in other asset management products.
Baidu Encyclopedia-Measures for the Supervision and Administration of Financial Services of Commercial Banks