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China Daily | Updated: 2015-03-12 08:23
Governments and policies
Revised evaluation procedure launched
The China Futures Association on Tuesday released a revised evaluation procedure to gauge investors' appropriateness in asset management and has sought public opinion on the same. The new version, which simplifies the procedure to improve efficiency, will benefit futures firms in their "one-to-many" business. In late 2014, the CFA allowed futures firms to serve more than one client under one account in the administrative rules on the asset management business of futures firms.
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