Legislation roundup: Online loans, reputational risk and anti-money laundering

Commercial banks are not allowed to engage in cross-region online lending. CBIRC strengthens regulation of reputational risk, as well as anti-money laundering and anti-terrorist work of commercial banks.

3 minute read February 26, 2021 at 03:16 AM

Susan Mok

Banking and Finance

General Office of the China Banking and Insurance Regulatory Commission, Circular on Further Regulating the Online Lending Business of Commercial Banks

Exclusive Content

A Subscription is Required to Access this Content

Subscribe to China Law & Practice today for:

Access to 3000+ essential documents, including key PRC laws translated into English
Newsletters with business-critical and sector-specific updates
Premium mobile access with timely analysis on China’s fast-changing market

Already a Subscriber? Log In Here

Questions? Contact us at [email protected] | 1-855-808-4530 (Americas) | 44(0) 800 098 386009 (UK & Europe)