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Xu Minhua approved to serve as Deputy General Manager and Chief Compliance Officer of ICBC-AXA Asset Management
On April 2, the Shanghai Office of the National Financial Regulatory Administration approved a reply, confirming Xu Minhua’s appointment qualifications as Vice President and Chief Compliance Officer of Industrial and Commercial Bank of China—Ansheng Asset Management Co., Ltd.
According to the reply, ICBC—Ansheng Asset Management should strictly comply with the regulatory provisions of the National Financial Regulatory Administration. Within 2 months from the date this administrative license decision is made, it shall require the above-mentioned confirmed appointment qualification personnel to assume their posts, and within 10 days after they assume their posts, report the status of their assumption to that office. If the personnel fail to assume their posts within the above-mentioned time limit, their appointment qualifications will become invalid.
ICBC—Ansheng Asset Management should urge the above-mentioned confirmed appointment qualification personnel to continue studying and mastering laws and regulations related to economic and financial matters, firmly establish risk and compliance awareness, become familiar with the responsibilities of their positions, and diligently and faithfully perform their duties.
(National Financial Regulatory Administration)
(Editor: Qian Xiaorui)
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