China Central Depository & Clearing Issues Operating Guidelines for Private Enterprise Relending

China Central Depository & Clearing Co., Ltd. issued a notice on June 24 announcing the release and implementation of operating guidelines for private enterprise relending business. According to Jin10, the company said the move is intended to ensure delivery-versus-payment settlement services for private enterprise relending transactions, in line with relevant requirements from the People’s Bank of China. The notice said the firm has formulated the Operating Guidelines for Private Enterprise Relending Business of China Central Depository & Clearing Co., Ltd., and has now published them for implementation. The notice was addressed to participating institutions.