How Supervision Drives the Transformation of Bank Outsourcing Business

Shusong Ba ()

Chapter Chapter 42 in The New Cycle and New Finance in China, 2022, pp 325-334 from Springer

Abstract: Abstract In a general sense, bank outsourcing business refers to a business model in which commercial banks entrust their funds to other professional asset management institutions for investment management, but so far, regulators have not rolled out corresponding management measures specifically for outsourcing business in their regulatory documents, except that the 2017 new version of 1104 Off-Site Reporting System, released at the end of 2016, defines the outsourcing of wealth management (including purchasing asset management products and conducting outsourcing investment through agreement), and that the Guiding Opinions of the China Banking Regulatory Commission on Risk Prevention and Control of the Banking Sector (No. 6 [2017]), issued in April 2017, stipulate that “banking financial institutions shall prudently carry out outsourcing investment business, strictly examine entrusted institutions, manage their name lists, and clarify such requirements as a cap on the outsourcing investment and the proportion of entrusted assets to a single trustee.” From the perspective of the trend, under the guidance of the basic tone of deleveraging policy, the increasingly tightening supervision is putting bank outsourcing business under the actual pressure of transformation.

Date: 2022
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DOI: 10.1007/978-981-16-8209-4_42

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