Stock Groups

China publishes draft rules on accounting of asset management products By Reuters

by Mike Robinson

[ad_1]


SHANGHAI (Reuters) – China’s finance ministry on Thursday published draft rules on the accounting of asset management products.

China has been asking asset managers to release products that are based on the net asset value (NAV), and which promptly reflect market changes as part of its efforts to combat shadow banking.

In a statement posted on the Ministry of Finance’s website, it stated that the draft rules are designed to reduce financial risks and increase the accuracy of accounting information related to China’s asset-management products.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are determined by marketmakers. As such, the prices might not reflect market conditions and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]