New Lending Rules Expected from the CBRC

March 31, 2004 | BY

clpstaff &clp articles

By Roy Zhang  [email protected] April 6 2004 the People's Bank of China (PBOC) and the China Banking Regulatory Commission (CBRC) jointly…

By Roy Zhang  [email protected]

On April 6 2004 the People's Bank of China (PBOC) and the China Banking Regulatory Commission (CBRC) jointly issued the draft General Lending Rules (Rules) for public consultation. Recent CBRC legislation has been issued on a fairly quick track and the draft Rules are expected to be officially promulgated soon. It is worthwhile, then, to discuss the Rules so that financial institutions conducting lending businesses in the PRC can be prepared in advance and avoid any big surprises.

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