China's National Financial Regulatory Administration published a draft for consultation setting out information disclosure requirements for asset management products offered by banking and insurance institutions, aiming to align supervisory standards across similar businesses and strengthen protection of investors’ legitimate rights. The draft measures comprise six chapters and 35 articles and provide a comprehensive framework for disclosure covering asset management trust products, wealth management products, and insurance asset management products. The requirements span the full product lifecycle, including fundraising, ongoing management, and termination, and are intended to require institutions to strictly fulfil fiduciary duties and safeguard investors’ rights to be informed and to choose. The regulator will revise and finalise the measures, and proceed with issuance and implementation, based on feedback received through the public consultation.
China Banking and Insurance Regulatory Commission 2025-05-23
China's National Financial Regulatory Administration consults on unified disclosure rules for bank and insurance asset management products
China's National Financial Regulatory Administration released a draft for consultation detailing information disclosure requirements for asset management products from banking and insurance institutions. The draft aims to align supervisory standards and enhance investor protection, covering the full product lifecycle from fundraising to termination. Feedback from the consultation will inform the finalisation and implementation of these measures.