Commercial Bank Financial Products

By King & Wood’s Finance Group

After seeking public comments in a wide range and holding several times discussions with bankers and lawyers, on 9th October 2011 CBRC promulgated the Rules on the Distribution of the Wealth Management Products of the Commercial Banks ("CBRC Rules"). The CBRC Rules maintains major content of the Interim Rules on the Commercial Bank’s Wealth Management Business to the Individuals and the Guidelines on Risk Management on the Commercial Bank’s Wealth Management Business to the Individuals in 2005, at the same time, CBRC Rules provides new requirements in key fields. In the current banking market, the funds is seriously short, and the interest rates for the deposit are very low and the means of investment are very limited, therefore, banks and their clients will pay much more attention to the sales of the wealth management products.

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金杜律师事务所 融资

2011年10月9日,经过广泛征求意见和多次的讨论,中国银行业监督管理委员会颁布了《商业银行理财产品销售管理办法》(简称"销售管理办法")。销售管理办法在很多方面保留了银监会之前于2005年发布的《商业银行个人理财业务管理暂行办法》和《商业银行个人理财业务风险管理指引》的内容,同时,也在一些很重要的领域提出了新的要求。在目前的资金市场面临较大短缺和存款收益较低、投资渠道不足的情况下,商业银行的理财产品销售会是银行和客户都很关注的一项业务,因此,销售管理办法的出台需要引起商业银行的重视和仔细研究,需要银行作出具体的方案,调整业务的模式和程序,以避免发生合规和其他风险。

Continue Reading 银监会出台新的商业银行理财产品销售规则