Due to the COVID-19 pandemic, several Mainland China government entities, including the People’s Bank of China (PBOC), have decided to extend the transition period until the end of 2021 for financial institutions to comply with the “Guiding Opinions on Regulating the Asset Management Operations of Financial Institutions” (released back in April 2018).
For more information on this, including questions answered by PBOC officials, please click here.
