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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 Safe clarifies foreign debt quota quandary

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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