CBRC strictly controls bank credit asset transfer to stop double buyout

The CBRC has also played a heavy blow to the transfer of credit assets between the interbank industry after the bank letter has been "tightly strapped" to transfer credit assets. On December 24, 2009, the CBRC officially issued the notice on matters relating to the regulation of the transfer of credit assets and the financing of credit assets, and expressly stipulated that in the transfer of credit assets, commercial banks should not arrange any explicit or implicit repurchase conditions;　　The immediate buyout plus the forward repurchase agreement (commonly known as "double buyout") and other ways to evade supervision. The CBRC also stipulates that the transfer of credit assets to the transferring party will transfer the credit risk, market risk and liquidity risk to the transfer party, the credit assets can be transferred out of the balance sheet, the transfer party should be at the same time the credit assets in accordance with the corresponding weight of the risk assets calculated, and the corresponding risk This is to avoid the "time lag" in which individual banks are whitewashing their statements, according to a senior state-run executive.