New Rules Issued to Facilitate Real Property Trusts
October 31, 2004 | BY
clpstaff &clp articlesBy Snow Chen and Andrew [email protected]; [email protected] the backdrop of China's real property bubble, the China…
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By Snow Chen and Andrew Fu
Against the backdrop of China's real property bubble, the China Banking Regulatory Commission released the Administration of Real Property Trust Business of Trust Investment Companies Tentative Provisions (Solicitation Version) (the Tentative Provisions) on October 18 2004. The Tentative Provisions are regarded as a fundamental measure to avoid financial risks.
New Rules to Facilitate Trust Business
There are several innovations under the new rules. First, under the Tentative Provisions, the number of investors