China AM association extends membership
Amac unveils 25 new memberships to include private equity players, insurers and securities firms. Regulations are being eased to allow such houses to start fund management businesses.
The Asset Management Association of China (Amac) has expanded its membership to include private equity firms, insurance companies and securities houses to fit in with pending new regulations.
The announcement comes shortly after the China Securities Regulatory Commission (CSRC) moved at the end of last month to allow such domestic organisations to start mutual fund businesses. To do so they must first become members of Amac.
The CSRC proposals are open for consultation and are e…
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