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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
Metadata
SiSU Metadata, document information
Manifest
SiSU Manifest, alternative outputs etc.
China - Measures for the Control of Provision of Security to Foreign Parties by Organizations, 1996
MOFTEC
copy @ Lex Mercatoria
Measures for the Control of Provision of Security to Foreign Parties by Organizations within the People's Republic of China
When a Security Provider provides security to foreign parties for foreign investment enterprises (excluding wholly foreign-owned enterprises), it shall insist on the principle of sharing risk and profit, at the same time the application of the foreign loan being secured shall comply with the State industrial policy and the foreign loan shall not be converted into Renminbi* for use without approval.
A Security Provider shall not provide security to foreign parties in respect of foreign patties' capital contribution to the registered capital of foreign investment enterprises.
Save for foreign investment enterprises, a Security Provider shall not provide security to foreign parties for the foreign debts in respect of its part of investment owed by foreign in vestment enterprises.
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