Enterprise Group Finance Companies Subject to New Rules

September 02, 2004 | BY

clpstaff &clp articles

New rules have been promulgated by the China Banking Regulatory Commission to oversee group finance companies. The regulatory body retains its assertive role in the finance sector.

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By Stephen M. Harner

New regulations governing group finance companies (theAdministration of Enterprise Group Finance Companies Procedures, hereinafter the New Procedures) were promulgated on July 27 2004, and