Explained: China’s new foreign debt policy
Feb 2, 2016
China’s Safe clarifies foreign debt quota quandary
China’s foreign exchange regulator has given more guidance to MNCs on its new No. 36 rules. CT has translated the most relevant sections.
China’s State Administration of Foreign Exchange (Safe) published a policy clarification paper on November 17 to answer queries it received on the new foreign debt quota rules – Huifa [2015] No. 36 – which became effective on September 2.
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