Promulgated: December 27 2012
Effective: as of date of promulgation
Applicability: For the purposes of these Provisions, the term “subordinated obligation of a securities company” means a subordinated debt taken
China Securities Regulatory Commission, Provisions for the Administration of the Subordinated Obligations of Securities Companies
中国证券监督管理委员会证券公司次级债管理规定
Requirements on issuance of subordinated obligations lowered to decrease the cost of financing for securities companies.
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