The People's Bank of China (PBOC), the central bank, released on Tuesday nine national standards and regulations on financial services, jointly with the General Administration of Quality Supervision and the Standardization Administration of China.
The new regulations, which will take effect on June 1, 2016, involve basic requirements on banking services, banking products description, client service, service outsourcing of banks, personal wealth management service and financial leasing service.
Market analysts believe as the new standards also include requirements on software facilities, related stocks would benefit, such as Inspur Electronic Information Industry Co., Ltd. (000977.SZ), Shenzhen Kingdom Technology Co., Ltd. (600446.SH) and Westone Information Industry Inc. (002268.SZ).
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