A new CBIRC notice is aimed at encouraging banks, wealth management firms and life insurers to develop their commercial pension business.
May 12, 2022Cash management products are prohibited from investing in stocks, convertible bonds, or any financial instrument rated lower than AA+.
June 17, 2021Under the pilot, SSE-listed companies can issue bonds with durations under one year to professional investors, provided the proceeds are not used to meet long-term funding needs.
May 26, 2020The rules will require banks' cash management products to invest in shorter duration assets and limit leverage to 120%, among other requirements.
January 17, 2020CMPs are issued by banks, offering higher yields than money market funds and promising a high level of liquidity, but there are no restrictions on how CMP funds can be invested.
July 4, 2019