China Securities Regulatory Commission (CSRC) recently issued "Opinions on the Safe Handling of the Legacy Problems and Risks of Local Exchange Sites" to properly handle the potential risks of financial asset trading sites and orderly withdrawal and merger of commodity trading sites, two sources said Tuesday evening. We must strictly guard against the fact that we should be honest.
The source quoted the opinion and emphasized that financial asset trading places should establish an investor appropriateness system, and the standard should not be lower than the qualified investor standard required by the new regulations. Industry insiders pointed out that the business of financial assets trading places belongs to the "fish out of the net" of the new regulations on capital management, which will reduce its existing competitiveness, but in the long run, it is conducive to preventing financial risks and promoting the regularization of business of trading places.
"Many of the products in these trading places compete directly with those of private equity and capital management. If the standards of investor appropriateness are unified with those of the new regulations on capital management, there will be little competitiveness." A financial asset trading site said.

<>China's financial regulatory authorities demand proper disposal of Finance

 

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