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Aggregated China Business Blogs
SAFE Tests Domestic Borrowing Through Offshore Guarantees
Aggregated Source: China Money Network
The author is ANZ Greater China chief economist Li-Gang Liu China‚Äôs State Administration of Foreign Exchange (SAFE) issued a new rule to allow onshore small-medium enterprises to utilize the overseas guarantee for onshore borrowing in RMB or foreign currency. This liberalization will be tested in the Guangdong, Zhejiang and Fujian provinces and Shenzhen city. The […]

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