Circular of the General Office of the China Banking and Insurance Regulatory Commission on Further Regulating the Structured Deposit Business of Commercial Banks

Circular of the General Office of the China Banking and Insurance Regulatory Commission on Further Regulating the Structured Deposit Business of Commercial Banks
Circular of the General Office of the China Banking and Insurance Regulatory Commission on Further Regulating the Structured Deposit Business of Commercial Banks

Yin Bao Jian Ban Fa [2019] No.204

October 18, 2019

All banking and insurance regulatory bureaus, policy-based banks, large banks, joint-stock banks, postal savings banks and foreign-funded banks,

Recently, the structured deposit business of some commercial banks has been developing rapidly, leading to nonstandard product operation management, misleading of sales, irregular business expansion and other problems.
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