People's Bank of China, Rules for the Recognition of Standard Debt Assets (Draft for Comments)

中国人民银行标准化债权类资产认定规则 (征求意见稿)

November 08, 2019 | BY

Susan Mok

PBOC has tightened control on banks' wealth management business

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Applicability: For the purposes of these Rules, the term "standard debt asset" means lawfully offered fixed-return securities such as bonds and asset-backed securities, mainly including sovereign bonds, central bank bills, local government bonds, bonds of government-backed agencies, financial bonds, debt financing instruments of non-financial enterprises, company bonds, enterprise bonds, international institution bonds, interbank negotiable certificates of deposit, credit asset-backed securities, asset-backed notes, asset-backed securities listed and traded on a stock market, as well as publicly offered fixed-return securities investment funds (Article 1).