On February 9, the China Securities Regulatory Commission released the first batch of important money market ** lists, and identified 13 money market ** products as important money markets**, including Tianhong Yue Bao Money Market**, E Fund Easy Wealth Management Money Market**, Southern Cash Pass Money Market**, etc.
In February 2023, in order to strengthen the supervision of important money markets**, the China Securities Regulatory Commission and the People's Bank of China jointly issued the Interim Provisions on the Supervision of Important Money Markets** (hereinafter referred to as the "Interim Provisions"), which will come into effect on May 16, 2023. In accordance with the relevant requirements of the Interim Provisions, the China Securities Regulatory Commission (CSRC) has recently carried out an evaluation and has now identified 13 money market products as important money markets.
At present, the relevant ** managers and products have made corresponding adjustments and preparations in accordance with the requirements of the "Interim Provisions".
According to reports, in the next step, the China Securities Regulatory Commission will continue to do the following work:
The first is to guide relevant industry institutions to conscientiously implement the regulatory requirements of the "Interim Provisions" and improve the ability to prevent, control and dispose of risks in important money markets.
The second is to regularly evaluate the money market reported by the manager, update the list of important money markets in a timely manner and publicize it in accordance with regulations.
Third, together with the People's Bank of China, we will continue to do a good job in risk monitoring and daily supervision of important money markets, promote the safer and more stable operation of the money market, and effectively protect the legitimate rights and interests of share holders.
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**: Financial Times client.Reporter: Yang Yi.
Editor: Liu Nengjing.
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