Important Measures
Amendments to Article 2 and 4 of the Criteria for Transaction Limits between Credit Cooperatives and Non-Members
2019-02-14
The FSC introduced the amendments to Article 2 and 4 of the aforementioned Criteria on January 10, 2019. Major amendments were as follows: (1) the additions of business transactions between credit cooperatives and non-members including bill/note discounting service and domestic guarantee; (2) a credit cooperative may provide loans to non-member who can offer its demand (saving) deposit as collateral and issue guarantee for performance bond of payments for pre-sale houses and real estate sale. The regulatory relaxation measures are launched to help credit cooperatives satisfy the financing needs of non-members.
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- Update： 2019-02-14
