Clifford Chance

Revised Measures for The Registration of Pledge of Account Receivables

29 November 2017

On 25 October 2017, the People's Bank of China ("PBoC") issued the revised Measures for the Registration of Pledge of Account Receivables (the "Revised Measures"), which will become effective on 1 December 2017.  The Revised Measures are expected to improve the current registration system to keep up with developments of the fast-growing account receivables financing business.On 25 October 2017, the People's Bank of China ("PBoC") issued the revised Measures for the Registration of Pledge of Account Receivables (the "Revised Measures"), which will become effective on 1 December 2017.  The Revised Measures are expected to improve the current registration system to keep up with developments of the fast-growing account receivables financing business.

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