Legislation roundup: Asset securitisation, renminbi bonds and privately raised securities

The CSRC has issued Draft Provisions over asset securitisation and Tentative Measures for the privately raised securities investment fund business, while the NDRC has produced a model outline for offering renminbi-denominated bonds in Hong Kong

3 minute readMarch 15, 2013 at 04:01 AM

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Asset securitisation

China Securities Regulatory Commission, Provisions for the Administration of Asset Securitisation of Securities Companies (Draft for Comments)

中国证券监督管理委员会证券公司资产证券化业务管理规定（征求意见稿）

The Draft proposes that the actual offering size of a publicly offered asset-backed security should be at least Rmb50 million ($8 million) and have a credit rating of at least AA from two rating agencies.

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