Financial institutions should set a.....>

CHINA PRESS: Financial institutions should set a transition period for the

implementation of new asset management rules and tailor the rules to specific

cases, said Tao Ling, vice director of Financial Stability Board of the PBOC

according to Shanghai Securities. 

  - The new rules are aimed at creating a beneficial environment for new

products, to increase financing sources for the real economy, Tao said. 

  - Regulations on non-standard assets will continue to be tight, but public

fund management products are allowed to invest in non-standard assets, which

partly finance the real economy, Tao said. 

  - The PBOC will soon publish rules on transferring non-standard assets to

standard assets, Tao promised, according to the newspaper.