People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission and State Administration of Foreign Exchange, Circular on Regulating Interbank Businesses of Financial Institutions

中国人民银行、中国银行业监督管理委员会、中国证券监督管理委员会、中国保险监督管理委员会、国家外汇管理局关于规范金融机构同业业务的通知

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Measures issued to suppress shadow banking.

Issued: April 24 2014
Effective: as of date of issuance

Applicability: For the purposes of this Circular, the term “interbank businesses” means various types of businesses, with investment and financing at their core, engaged in between financial institutions lawfully established in China, with the main business types including interbank borrowing, interbank deposits, interbank loans, interbank payment, repos (reverse repos) and other such interbank financing businesses and interbank investment businesses (Article 1).

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