BEIJING, Jul 28, 2009 (Xinhua via COMTEX) -- The China Banking Regulatory Commission (CBRC), China's banking industry regulator, on Monday published the Business Guidance for Project Finance (the Guidance) with the aim of improving risk management in financing business.

Project finance is a generally utilized financing method in infrastructure construction and large resource development projects in China, and plays an important role in China's economic structure.

The Guidance explains procedure management for loans in project finance; clarifies definitions of project finance; offers guidance for risk management; and gives the principal requirements on consortium loans for a project.

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Posted by rjorr at July 28, 2009 10:08 AM