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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 4

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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