Clifford Chance
China Tightens Up Credit Asset Transfers
11 January 2011
On 3 December 2010, the China Banking Regulatory Commission issued a notice that aims at regulating transfers of credit assets between banking financial institutions. The notice introduces stricter requirements on the transfer of credit assets between banking financial institutions. This briefing highlights the key points of the notice, drawing comparison with previous regulatory requirements. The briefing also raises issues relating to the conditions of transfer of credit assets that remain to be clarified and reconciled with the existing regulations.
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