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Measures for the Control of Provision of Security to Foreign Parties by Organizations within the People's Republic of China
(Promulgated by the People's Bank of China on September 25, 1996)

Article 1

Article 2

Article 3

Article 4

Article 5

Article 6

Article 7

Article 8

Article 9

Article 10

Article 11

Article 12

Article 13

Article 14

Article 15

Article 16

Article 17

Article 18

Article 19

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Manifest

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China - Measures for the Control of Provision of Security to Foreign Parties by Organizations, 1996

MOFTEC

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Measures for the Control of Provision of Security to Foreign Parties by Organizations within the People's Republic of China
(Promulgated by the People's Bank of China on September 25, 1996)

Article 14

After the provision of security to foreign parties by the Security Provider, the Security Provider shall register the security with SAFE of the place where it is located.

After provision of security to foreign parties by a non-financial institution, it shall, within 15 days from the date of establishment of the contract of security, complete the "Provision of Security to Foreign Parties Registration Form" at the SAFE of the place where it is located and obtain "Certificate of Registration for the Provision of Security to Foreign Parties"; in respect of the foreign exchange required to be paid for the performance of the contract of security, the remittance of which shall be verified by SAFE of the place where it is located and the outstanding amount of the security and the outstanding amount of the debt shall be reduced.

For financial institutions, a system of periodic monthly registration shall be implemented; financial institutions shall within 15 days after the end of each month complete "Feedback Forms for Provision of Security to Foreign Parties" to report the security obligations in the preceding month.


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