China Press: CSRC introduces new restrictions to curb shadow banking
|The China Securities Times reports, via Reuters, that the Chinese banking regulator, China Securities Regulatory Commission (CSRC) has introduced news measures to curb the shadow banking channel.
Key Headlines:
China Securities Regulatory Commission (CSRC) has introduced new restrictions for financial institutions seeking to outsource fund management to external fund managers
CSRC is concerned that such funds are used as a shadow banking channel, without effective management by the external fund house
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