China Central Depository & Clearing Issues Operational Guidelines for Private Enterprise Relending
Deep News
Yesterday
On June 24, a key financial update emerged. China Central Depository & Clearing Co., Ltd. has issued a notice regarding the release of operational guidelines for private enterprise relending business.
The notice, addressed to all participating institutions, states that in order to facilitate Delivery Versus Payment (DVP) settlement services for private enterprise relending operations and in accordance with relevant requirements from the People's Bank of China, the company has formulated the "China Central Depository & Clearing Co., Ltd. Operational Guidelines for Private Enterprise Relending Business." These guidelines are now officially released and implemented.
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