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

April 16, 2020 | BY

Susan Mok

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

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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