China amends regulations to facilitate cross-border investment, financing

Date: 21 Mar 2019

China has amended its regulations on the capital management of transnational companies, according to the State Administration of Foreign Exchange (SAFE).

The new regulation will help promote the liberalization and facilitation of cross-border trade and investment and better serve the country's real economy, said the SAFE.

According to the file, China will ease the registration management of foreign debt and offshore loans and launch pilot reforms to facilitate foreign exchange settlement and payment in multinational companies after registration.

China will also cancel restrictions that demanded multinational companies cooperate with only a limited number of banks, the document shows.

While promoting the facilitation, strengthened supervision will also be exerted to prevent risks of cross-border capital flow, according to the regulation.

Source: China Daily

Disclaimer
The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of content received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.
Top