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08 June 2018
CBRC issues new circular to regulate private lending

China - Jingtian & Gongcheng

The China Banking Regulatory Commission's Circular on Matters concerning Regulating Private Lending and Maintaining Economic and Financial Order recently came into effect. The circular was formulated in accordance with various laws and measures and establishes the basis for clarifying credit rules and prohibiting illegal private lending. According to government officials, the circular will be implemented in three stages.

Author: Wu Jiejiang
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