HSBC predicts overhaul of China foreign debt quotas
In order to meet the needs of China’s multinationals expanding abroad, Safe is overhauling its foreign debt rules so that Chinese MNC’s can better support overseas subsidiaries.
Cash management specialists at HSBC argued that reform for foreign debt rules on foreign companies in China would occur within the next two weeks, at the ACT Asia Conference in Hong Kong, on September 2. On the same day, news of the regulation was posted to the regulator’s website.
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