CBRC New Rules on Fixed Assets Loan & Project Finance

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In order to regulate the fixed assets loans and project finance business of the commercial banks, China Banking Regulatory Commission ("CBRC") released the Guidelines for Project Finance Business on July 18, 2009, and the Provisional Measures on the Administration of Fixed Assets Loans on July 23, 2009. Both of the regulations apply to all banking institutions and will come into force three months after the date of its promulgation.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Jaime Ubilla, UB & CO Attorneys & Counselors | Attorney Advertising

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