China eases foreign debt caps on SMEs to ease coronavirus woes
China’s foreign currency regulator is to allow Chinese corporations to borrow 25% more from overseas in a bid to ease the liquidity strain on coronavirus hit corporations
China’s foreign currency regulator the State Administration of Foreign Exchange (SAFE) said on Friday that it would be relaxing it assesses cross-border financing risks to make it easier for Chinese firms hit by the coronavirus to raise more funds in overseas markets.
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