State Administration of Foreign Exchange, Circular on Issues Concerning the Administration of the Provision of Security to Foreign Parties by Organisations in China
国家外汇管理局关于境内机构对外担保管理问题的通知
Relaxation on foreign security benefits outbound investment.
Issue: September 2010
CLP Reference: 3520/10.07.30
PRC Reference: 汇发 [2010] 39号
Promulgated: 30 July 2010
Effective: 30 July 2010
Keywords (click to search):
foreign security
financing
guarantor
secured party
guarantee
loans
foreign exchange
banks
non-bank financial institutions
Issued: July 30 2010
Effective: as of date of issuance
Main contents: The State Administration of Foreign Exchange subjects the provision of security to foreign parties for financing purposes by banks in China to balance control, and it subjects the provision of security to foreign parties by non-bank financial institutions and enterprises mainly to approval on a case by case basis, however,...
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