Tag: yang tiecheng

SAFE’s changes to foreign exchange rules will help corporate treasurers locate regulations covering their transactions more easily.

China’s Ministry of Commerce has issued new rules that lower the market entry level for foreign invested enterprise, easing bureaucracy for treasurers and finance teams dealing with foreign debt quotas.

SAFE is calling for comments on draft proposals aimed at relaxing FX administration requirements on cross-border loan guarantees.

China now allows more banks to qualify to sell renminbi and FX derivatives, giving Chinese corporates more hedging products as demand grows following RMB rates liberalisation.

A pilot reform that allows foreign guarantors on loans to small and medium enterprises (SMEs) in China is enabling new strategies for cross-border funding and parallels China’s foreign exchange liberalisation.