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

March 15, 2013 | BY

clpstaff &clp articles

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

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. Privately offered asset-backed securities may be offered to institutional investors and qualified individual investors totalling no more than 200 participants.

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]