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China - Measures for the Control of Provision of Security to Foreign Parties by Organizations, 1996
MOFTEC
copy @ Lex Mercatoria
The Security Providers stipulated by these Measures are:
(i) financial institutions (excluding foreign-invested financial institutions) approved with the authority to engage in business of providing security to foreign parties;
(ii) non-financial enterprises with the status of legal persons, including domestic enterprises and foreign investment enterprises, which have the ability of repaying debts in place of the debtors.
Except as approved by the State Council in order to utilize loans from foreign governments or international economic organizations for on-lending purposes, State organizations and units shall not provide security to foreign parties.
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