Legislation roundup: Online loans, fund custody and fund trusts
May 15, 2020 | BY
Susan MokOnline loans should be offered in a small scale, CBIRC supports foreign bank branches in applying for fund custody qualifications and trust companies are required to penetratingly identify the underlying assets.
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Banking and Finance
China Banking and Insurance Regulatory Commission, Tentative Measures for the Administration of Online Loans Made by Commercial Banks (Draft for Comments)