China Banking and Insurance Regulatory Commission, Implementing Measures on Administrative Permission Matters of Trust Companies

中国银行保险监督管理委员会信托公司行政许可事项实施办法

December 11, 2020 | BY

Susan Mok

Foreign financial institutions are allowed to invest in trust companies

Promulgated: November 16, 2020

Effective: January 1, 2021

Main contents: To establish the institution with legal personality of a trust company, there shall be capital contributors that satisfy the specified conditions, which may include domestic non-financial institutions, domestic financial institutions, foreign financial institutions and other capital contributors recognized by the China Banking and Insurance Regulatory Commission (CBIRC); its registered capital shall be one lump sum paid-in monetary capital, and the minimum amount thereof shall be Rmb300 million or the equivalent in a freely convertible currency (Article 6).

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