Chinese banks are finalising their paperwork to meet the new requirements set by the landmark regulatory framework targeting the sales of structured deposits. But new concerns have arisen in relation to the future of dual currency investments.
Chinese banks selling structured deposits have spent the last few months planning out their actions and will now concentrate on overhauling their sales platforms, distribution networks and documentation in a second phase as the one-year grace period granted by the regulator comes to an end on 18 October. [The new regulation] has quite high requirements regarding bank qualification, trading system, risk management and sales personnel The preparation to be in line with the new regula
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