China Banking and Insurance Regulatory Commission: Local asset management companies shall not exceed 10% of their net assets for equity, debt, and other investment balances for a single client, and 15% for clients in the same group.

The China Banking and Insurance Regulatory Commission has issued the "Interim Measures for the Supervision and Management of Local Asset Management Companies," which stipulates that local asset management companies may not have equity, debt, and other investment balances with a single customer or within the same group of customers exceeding 10% and 15% of their own net assets. It also specifies liquidity risk management requirements, stating that local asset management companies must hold high-quality liquid assets that meet relevant regulations and are not less than the net cash outflow within the next 30 days. In addition, it clarifies the requirements for regulating related-party transactions, stating that the debt balance with all related parties of local asset management companies should not exceed 50% of their net assets at the end of the previous quarter. It also regulates external financing, specifying that the amount of funds borrowed by local asset management companies should not exceed three times their net assets to prevent risk contagion.