(This article was first published on China Business Law Journal column "Banking & Finance", authorised reprint)
(1) The addition in the supplementary provisions of reference provisions for the registration of other movable property and rights guarantees, so as to satisfy the needs of market entities for registration of guarantee transactions pertaining to guarantee transactions of movable property and strengthen the positive guidance of various registration acts;
More than anything, the revised measures set out clear provisions, launching the uniform registration of movable asset security, an important step in improving the business environment. The provision to market entities of uniform, convenient and efficient registration, amendment, search, deregistration and other such services for movable asset security will be conducive to resolving the issues of the various diffuse systems for the registration of rights and interests in movable asset security, and the lack of uniformity in registration rules, and conducive to enhancing the convenience and availability of financial credit services.