Free Trial

The China Banking Regulatory............>

CHINA PRESS
MNI (Beijing)
CHINA PRESS: The China Banking Regulatory Commission (CBRC) on Saturday issued a
guideline on entrusted loans to further reduce leveraging and preventing risks
in the financial sector, the Economic Information Daily reported. According to
the guideline, asset management products(AMP) cannot be entrusted for bank
loans. Clients of entrusted loans cannot re-lend them for arbitrage. As well,
entrusted loans cannot be invested in bonds, futures, financial derivative
products or AMP. Citing unidentified sources, the newspaper said the new rule
targets non-standard funding through AMPs issued by securities and mutual fund
companies. It also affects entrusted loans such as those in properties and local
government financing vehicles, the report said. (Economic Information Daily)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.