Authored by: David Lam and Wang Xiaoxue
The PRC Syndicated Loan Measures replaced the Syndicated Loan Business Guidelines, which were revised and issued in 2011 by the China Banking Regulatory Commission (one of the predecessors of the NFRA) (Yinjianfa [2011] 85) (the “PRC Syndicated Loan Guidelines”). The changes are intended to improve the management and regulation of syndicated loan business in the PRC. The “upgrading” of the “guidelines” to “measures”, and the new provisions on regulatory powers and administrative penalties in the PRC Syndicated Loan Measures indicate stronger regulation of syndicated loan business by the NRFA.