CBRC: financial management of funds of commercial banks can not play new stocks

Commercial banks can not finance capital investment in new shares of stock could be hit July 8, in order to further regulate the commercial banking business, personal finance investment management activities to promote healthy and orderly development of financial business, personal finance for commercial banks to the actual situation of business development, based on "commercial banks Interim Measures for the Administration of Personal Financial Services" (hereinafter referred to as "methods" such as regulatory laws and regulations, the China Banking Regulatory Commission today released, "the China Banking Regulatory Commission to further regulate the commercial banks on the Personal Financial Services Investment Management issues related to notification" (hereinafter referred to as "Notice"), which mentioned that the commercial banks financial management of funds shall be invested in the territory of the secondary market for publicly traded stock or related securities investment funds, but can participate in purchase of new shares. China Banking Regulatory Commission announced on the 8th, "the China Banking Regulatory Commission to further regulate the commercial banks on the Personal Financial Services Investment Management issues related to notification," "notice" a total of 22, requiring commercial banks to conduct personal financial business should be strict compliance with state laws and regulations, as well as "measures" the relevant provisions of careful due diligence on the sale of financial products to our pool of funds (hereinafter referred to as financial capital) to carry out scientific and effective investment management. "Notice" requirements of commercial banks should be in accordance with customer interests and the principle of risk-bearing capacity, and establish and improve the internal control and risk management system and check regularly or irregularly-related system and operating mechanism to protect the financial capital of the combined investment management and effectiveness of regulation. "Notice" that commercial banks should be in a full analysis of the macroeconomic and financial markets on the basis of the investment funds to determine the scope of financial management and investment ratio and reasonable to carry out asset allocation, risk diversification. "Notice" requirements of commercial banks should adhere to a prudent, sound financial management principles of the funds for investment management, shall not invest in a significant loss of principal may result in high-risk financial products, as well as the structure is too complex financial products. "Notice" section 5 of that commercial banks should carry out scientific and reasonable customer classification, according to the customer's risk tolerance and their ability to provide suitable financial products. Commercial banks should be classified as financial customers have the investment experience of customers and clients without investment experience, and document management products marked by the appropriate types of clients; only suitable for customers of financial management experience in the investment products may not be lower than the starting point for the amount of 100,000 yuan yuan (or its equivalent in foreign currency). "Notice" a specific reference to commercial banks to invest in financial capital may not be the territory of the secondary market for publicly traded stock or related securities investment funds. Financial capital to participate in purchase of new shares, shall be in accordance with state laws and regulations and regulatory requirements. In addition, the financial management of funds shall be invested in shares of unlisted companies and listed companies and trading of non-public offering of shares.