China Banking Regulatory Commission, Tentative Measures for the Administration of the Factoring Business of Commercial Banks

中国银行业监督管理委员会商业银行保理业务管理暂行办法

July 15, 2014 | BY

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CBRC strengthens prudential management of banks' factoring business.

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Promulgated: April 10 2014

Effective: as of date of promulgation


Applicability: For the purposes of these Measures, the term “factoring business” means the comprehensive financial service, predicated on the transfer by a creditor of its accounts receivables, that integrates the collection and management of accounts receivables, the provision of security for bad debts, and financing (Article 6).

For the purposes of these Measures, the term “accounts receivable” means the monetary claims arising in connection with