Office of the China Banking Regulatory Commission, Circular on Regulating the Credit Asset Benefit Right Transfer Business of Banking Financial Institutions

中国银行业监督管理委员会办公厅关于规范银行业金融机构信贷资产收益权转让业务的通知

Strict provisioning to suppress banks' shadow banking.

4 minute readJuly 05, 2016 at 04:32 AM

Susan Mok

& clp articles

Issued: April 28 2016

Main contents: The transferring bank shall provision in the full amount for the original credit assets in accordance with the Measures for the Administration of the Capital of Commercial Banks (Trial Implementation) once credit asset benefit rights have been transferred (Article 2(1)).

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