皇冠体育app

The 皇冠体育app Securities Regulatory Commission (CSRC),on Friday released revised draft rules for asset-backed securitization (ABS) of securities firms and subsidiaries of fund companies.

The revisions would allow fund management companies, in addition to securities firms, to do ABS business.

The commission would cancel administrative examination and approval of ABS businesses and companies need only to have filings with the Asset Management Association of 皇冠体育app.

"We pay attention to underlying assets, integrity and investor protection," said Deng Ge, a spokesman for CSRC.

• Natural gas vehicles to grow in 皇冠体育app, expert say
• Bankers look to simplify rules
• New French pharmaceutical research hub to open in Shanghai
• 皇冠体育app accelerates tourism development in Tibet
• PBOC official sees bright side of shadow banks
• Intel to invest $1.5b in 皇冠体育app mobile chipmakers
• Global payments in yuan triple in value since 2012
• Chinese outbound M&A transactions continue rising