China's Safe opens doors for foreign lenders

The recent changes to Safe rules on cross-border fundraising are a baby step forward, offering opportunities for foreign lenders.

China's Safe opens doors for foreign lenders

A relaxation of rules governing the use of guarantees involving Chinese borrowers and external lending is just the start of a broader deregulation and should offer foreign groups more opportunities, according to a loans industry spokesman.

The new rules, issued by China's State Administration of Foreign Exchange Safe, took effect on June 1 and allow mainland companies to use onshore assets as collateral when raising funds offshore. However, Chinese companies are still subject to...

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