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Approval for external guarantee (including guarantee, mortgage and pledge)

Release date:2020-05-09    
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  • Application Materials:
    1. The Guarantor shall provide an application for external guarantee and the completed application form;
    2. Approval for external guarantee;
    3. The letter of intent on the external guarantee;
    4. The letter of intent on the master debt contract under the external guarantee (if it is in foreign language, the Chinese version of principal terms shall be submitted and affixed with the seal of the Applicant);
    5. The balance sheet and income statement for the last year of the Guarantor and Guaranteed Person audited by the accounting firm;
    6. For external mortgage, the ownership certificate and current value assessment document of the collateral, as well as the mortgage registration document (for the re-mortgaged property) shall be additionally provided; for the external pledge, the ownership certificate and current value assessment document of the collateral shall be additionally provided. Where there are regulations on the pledge limit, the approval document issued by the related department shall also be provided;
    7. The financial institution which initially handles the external guarantee business should also provide the Financial Business Operation Permit;
    8. Where the Guarantor is a branch of the financial institution, a written power of attorney issued by its head office should be provided;
    9. Based on the aforementioned materials, the supplement materials to be provided include: A. the business license of both the Guarantor and Guaranteed Person; B. where the Guaranteed Person is an overseas Chinese-funded enterprise, the Registration Form of Basic Situations of Overseas Chinese-funded Enterprise issued by the Administration of Foreign Exchange shall be submitted; C. where the guaranteed project should be approved firstly, the approval document issued by the relevant government departments shall also be submitted. 
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