The legal structure of Chinese Banking securitsation has been evolving cautiously. Since 1997 until recntly, the Bank of China (BOC) had the monopoly in selling and purchasing forward contracts in China; other Chinese banks were excluded from entering into forward contracts. However, the People's...

Four years after Chinese trust law was brought into force, both the Chinese banking regulator, the China Banking Regulatory Commission (CBRC), and the central bank, the People's Bank of China, introduced the Administrative Rules for Pilot Securitization of Credit Asset (The Rule). The rule...