By Philip Gilligan, Partner and Athena Wong, Associate Lovells
Application
The Circular applies to the undertaking of off-balance sheet businesses that create non-interest income for commercial banks. "Commercial banks" are
New Rules on Intermediary Services Offered by Commercial Banks
The People's Bank of China (PBOC) issued the Relevant Questions in Implementing the Circular (the Circular) on April 22 2002. This legislation expands on the 2001 Commercial Bank Intermediary Services Tentative Provisions (the 2001 Provisions).
By
clpstaff
& clp articles