Lai Xiufu, director-general of the NFRA asset-management bureau, said the agency
will strengthen risk prevention and close regulatory arbitrage and rule gaps by
revising asset-management rules. The review will cover manager–client
relationships, financial markets, the interbank sector, the real economy and
social governance, and will bolster cross-departmental coordination and linkages
with the PBOC and CSRC, including deeper information sharing and digital
cooperation.