Issued: November 12, 2022
Main contents: Based on the principles of market orientation and rule of law, commercial banks are permitted to decide at their own discretion on the
General Offices of the China Banking and Insurance Regulatory Commission, Ministry of Housing and Urban-Rural Development and People's Bank of China, Circular on the Work Associated with the Issuance by Commercial Banks of Letters of Guarantee in Exchange for Pre-Sale Escrow Funds
中国银行保险监督管理委员会办公厅、住房和城乡建设部办公厅、中国人民银行办公厅关于商业银行出具保函置换预售监管资金有关工作的通知
High-quality real estate enterprises are supported by letters of guarantee.
By
Susan Mok