China Banking and Insurance Regulatory Commission: Financial institutions are not allowed to use sales performance as the sole performance evaluation criterion.
The China Banking and Insurance Regulatory Commission has issued the "Measures for the Management of the Suitability of Financial Institutions' Products", requiring financial institutions to strengthen the qualification management of sales personnel to ensure that they possess the appropriate qualifications for selling products. In terms of incentive and restraint mechanisms, assessment criteria should include, but not be limited to, the compliance of sales behavior and procedures, customer complaint situations, etc., and sales performance should not be the sole assessment indicator.
Latest