The China Banking and Insurance Regulatory Commission releases "Regulations on the Disclosure of Asset Management Products by Banking and Insurance Institutions"

The China Banking and Insurance Regulatory Commission recently announced the "Regulations on the Disclosure of Asset Management Products by Banks and Insurance Institutions", which will take effect on September 1, 2026. According to the regulations, the disclosure methods are categorized into public disclosure and non-public disclosure based on the scope of disclosure. Publicly offered products should generally be disclosed publicly, unless specific investment information is provided to individual investors as required by relevant laws and regulations. Privately offered products should generally be disclosed non-publicly to investors holding the product, but may be disclosed to qualified investors during product promotion and sales, as well as product registration and maturity disclosures as required by laws and regulations. Investors have the right to access or copy the disclosed information materials according to the contract terms and methods. The parties obligated to disclose information, investors, and other relevant institutions should fulfill confidentiality obligations in accordance with the law regarding non-public disclosure of private equity products information obtained.