地方AMC迎监管新规 行业合规经营水平将提高

Core Viewpoint - The introduction of the "Interim Measures for the Supervision and Administration of Local Asset Management Companies" is a significant step in enhancing the regulatory framework for local asset management companies (AMCs) in China, aimed at improving risk management and compliance within the industry [1][2]. Summary by Sections Regulatory Framework - The new measures establish a unified regulatory framework for local AMCs, clarifying their business scope, operational regions, and primary responsibilities [1][3]. - The measures emphasize the importance of corporate governance, internal control systems, and risk management frameworks for local AMCs [1]. Business Operations - Local AMCs are permitted to engage in various activities, including the acquisition, management, and disposal of non-performing assets, as well as acting as bankruptcy administrators and providing consulting services [2]. - The measures set clear operational boundaries, prohibiting local AMCs from engaging in practices such as guaranteeing principal and fixed returns, facilitating false asset reporting, and creating hidden local government debts [2]. Industry Trends - The introduction of these measures is expected to lead to a higher level of industry standardization and a return to core responsibilities for local AMCs, focusing on the management of non-performing assets [3]. - The measures are anticipated to drive local AMCs to innovate their business models and enhance their internal and compliance management capabilities, thereby playing a unique role in revitalizing assets and supporting the real economy [3].