China Banking Regulatory Commission, Measures for the Administration of Trust Companies
中国银行业监督管理委员会信托公司管理办法
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clpstaff &clp articlesMore provisions to segregate a trust company's business for its own account and its trust business.
Promulgated: January 23 2007
Effective: March 1 2007
Main Contents: As a revision of the former Measures for the Administration of Trust and Investment Companies, these new Measures prohibit a trust company from engaging in liability business other than interbank borrowing. A trust company may not use its own property to invest in industry, unless otherwise provided by the China Banking Regulatory Commission. When engaging in business for its own account, a trust company may not provide financing or transfer property to affiliated parties, provide security for affiliated parties, or provide financing on the strength of a pledge of the company's equity held by a shareholder.
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