China Banking Regulatory Commission, Tentative Measures for the Administration of Loans for Fixed Assets

中国银行业监督管理委员会固定资产贷款管理暂行办法

September 04, 2009 | BY

clpstaff &clp articles &

Clampdown on misappropriation of loan proceeds.

Clp Reference: 3510/09.07.23 Promulgated: 2009-07-23 Effective: 2009-10-23

Promulgated: July 23 2009
Effective: three months from the date of promulgation
Interpreting authority: China Banking Regulatory Commission

Main contents: 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.

Related legislation: PRC Banking Regulation Law; and PRC Commercial Banking Law

clp reference:3510/09.07.23prc reference:银监会令 [2009] 第2号promulgated:2009-07-23effective:2009-10-23

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