Central Bank Credit Inquiry Center: Showing 61 transactions between Chengxing and Noah is not a credit inquiry system.

category:Finance
 Central Bank Credit Inquiry Center: Showing 61 transactions between Chengxing and Noah is not a credit inquiry system.


In accordance with the provisions of Article 8 and Article 33 of the Measures for Registration of Pledge of Accounts Receivable (Decree No. 3 of the Peoples Bank of China [2017], hereinafter referred to as the Measures), the assignment registration of accounts receivable shall be handled by the assignee, and the registration subject shall be recorded as the filler in the registration certificate. As mentioned in the article, Guangdong Chengxing Holding Group Co., Ltd and Shanghai Goofy Asset Management Co., Ltd. 58 accounts receivable transfer registrations are independently operated by Shanghai Goofy Asset Management Co., Ltd.

According to the relevant provisions of Article 24 of the Measures, the Operating Rules of the Unified Registration and Publicity System for Chattel Financing and the Agreement on User Service of the Unified Registration and Publicity System for Chattel Financing, the filler shall register truthfully, bear responsibility for the authenticity, integrity and legality of the registration content, and provide false materials for registration. Those who cause damage to others shall bear corresponding legal liabilities. The main responsibility of the credit information center is to accept the relevant applications submitted by the filler, objectively record and preserve the registration information submitted by the filler in the registration system, and ensure the safe and normal operation of the registration system.

The main purpose of registration in the registration system is to inform other subjects of the fact that a security right already exists in the movable property. In practice, there may be multiple security rights in the same chattel. The registration system can make the parties know the burden of rights in Chattel conveniently and determine the priority order among security rights in a predictable, fair and effective way through registration publicity. Before financing chattels, financial institutions can log into the registration system to check whether other security interests are created on the collateral provided by borrowers, so as to prevent the transaction risks caused by opaque information in the financing process. However, the authenticity of the secured transaction itself is the responsibility of the registered parties. Financial institutions should carefully investigate and verify the authenticity of the secured transaction to ensure that financing is effectively guaranteed.

[Relevant Reading

Real hammer? The central bank system shows 61 transactions between Chengxing and Noah

Follow-up of Noahs 3.4 Billion Trampling on Lei Chengxing Financing: Will Beijing East Involve in the Dispute of Apparent Agency

The reporter of Economic Observatory Network learned that in the product structure of private equity fund involving Goffers assets, Jingdong is regarded as the core enterprise, and through the receivables from Chengxing, which is the supplier of Jingdong, Guangdong Chengxing provides supply chain financing for Guangdong Chengxing.

Facing the risks of products, Wang Jingbo, Noah Wealth Controller, said in an internal letter that Noah Wealths Generation Core Enterprise Series Private Equity Fund provided 3.4 billion yuan of supply chain financing to the accounts receivable claims between Chengxing International Holding Associates and Beijing Jingdong Century Trading Co., Ltd.