By King & Wood Mallesons’ Banking Group

The China Banking Regulatory Commission (“CBRC”) released the newly amended Administrative Measures for Financial Leasing Companies (Order of China Banking Regulatory Commission [2014] No. 3) (the “New Measures“) on March 13, 2014. Comparing with the amended version in 2007 (the “Old Measures”), the New Measures mainly revise the provisions concerning the market-entry requirements, business scope, operation rules, supervision and administration of financial leasing companies. The New Measures came into effect as of the date of promulgation while the Old Measures ceased to be effective on the same day.
Continue Reading The New Administrative Measures for Financial Leasing Companies Lower the Market-entry Barriers