# Policy and regulatory basis

Notice of the General Office of the People's Bank of China on Matters concerning the Gold Asset Management Business

For gold asset management products initiated and established in accordance with the relevant financial regulatory provisions, in addition to complying with the administrative provisions of the financial regulatory authorities, the financial institutions initiated and established shall also file with the People's Bank of China:
(1) If the financial institution initiated and established is a banking financial institution, it shall be issued in accordance with the "Notice of the General Office of the People's Bank of China on Strengthening the Management of the Gold Market Business of Banking Financial Institutions" (Bank Office Issuance2012No. 238) Request for Filing
(2) If the financial institution to be established by promotion is a non-banking financial institution, it shall be filed with the branch of the People's Bank of China at the place where the company is registered as a legal person; The recordation procedures and materials to be provided by financial institutions shall be governed by the requirements of the Notice of the General Office of the People's Bank of China on Matters concerning Strengthening the Administration of the Gold Market Business of Banking Financial Institutions