The Measures set out the criteria under which a lender accepts an application for a loan for a fixed asset. They also lay down provisions on relevant due diligence investigation, risk assessment, examination and approval, execution of the contract, disbursement and payment, post-loan management and legal liability.
Two new regulations promise to standardise processes for project financing and lending for fixed assets, and help solve the problem of excessive loans flowing into China's stock markets
Shui On Land's recent syndicated loan financing and security arrangements has been short-listed for Restructuring Deal of the Year at the 2009 China Law & Practice Awards. The property developer's Shanghai-based director of legal affairs Willie Uy speaks with CLP
The Measures explain the calculation of the business turnover of banking financial institutions, securities companies, futures companies, fund management companies and insurance companies for the reporting of concentrations of business operators.
