China’s Central Bank Outlines New Regulations to Curb Risk

China’s central bank announced new regulations to curb risk in the asset management space; the new rules are an attempt to unify regulatory areas, prohibit asset managers from guaranteeing returns and have them set aside 10 percent for provisioning; “The central bank is trying to thread a very fine needle,” said Andrew Polk at Trivium China, a Beijing consultancy. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.