China's Drive to Open up the Non-Performing Loans Market to Foreign Investors

Bo Yan and Taoye Ye of Haiwen & Partners discuss CBIRC's amended rules governing the regulatory approvals of non-bank financial institutions, which lower the bar for foreign investment in national asset management companies

14 minute read April 16, 2020 at 01:25 PM

Susan Mok

China's Drive to Open up the Non-Performing Loans Market to Foreign Investors

On March 27, 2020, the China Banking and Insurance Regulatory Commission (CBIRC), China's banking and financial institution regulator, issued the Implementing Measures on Administrative Permission Matters of Non-Bank Financial Institutions (the 2020 Measures) (非银行金融机构行政许可事项实施办法), which immediately took effect and replaced those promulgated in 2018 (the 2018 Measures).

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