The China Banking Regulatory Commission is soliciting opinions on wealth investment management, with clauses aiming to protect investors' interests.
According to a statement on its website, the banking regulator ordered commercial banks to improve the information disclosure system to better inform clients about risks when they buy wealth investment products from banks.
The documents of wealth investment products should include information on investment risks and carry out necessary assessments of clients' ability to endure risks and give anticipated results in a worst-case scenarios.
Chinese commercial banks have lured investors to buy their wealth investment products by touting how profitable they might be.
The assessment of clients' risk-ensuring abilities should be based on their age, financial statements and investment experience, according to the CBRC.
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