The China Banking and Insurance Regulatory Commission reported that the China Insurance Asset Management Association has been renamed the China Banking and Insurance Asset Management Association, expanding its self-regulatory management and member services to include bank wealth management companies alongside insurance-sector asset managers. Li Yunze, Party Secretary and Director of China’s National Financial Regulatory Administration, framed the change as a step to strengthen the wealth management industry’s self-regulatory framework and support coordinated development across bank and insurance asset management institutions. In related remarks, Li called on bank and insurance asset management institutions to align planning with strategic tasks for the 15th Five-Year Plan period, advance wealth management sector reforms and innovation, and reinforce risk controls. The association was also tasked with strengthening governance and standardised management, enhancing self-regulation, safeguarding market credibility, and better serving members and supporting supervisory work.
China Banking and Insurance Regulatory Commission 2025-11-26
China Banking and Insurance Regulatory Commission spotlights renaming of asset management association to bring bank wealth management companies into its self-regulatory remit
The China Banking and Insurance Regulatory Commission renamed the China Insurance Asset Management Association to the China Banking and Insurance Asset Management Association, now including bank wealth management companies. Li Yunze emphasized this change to bolster the self-regulatory framework and foster coordinated development in the wealth management industry. The association is tasked with enhancing governance, self-regulation, and risk controls while aligning with strategic tasks for the 15th Five-Year Plan.