Full text translation – 18th August 09

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    clpstaff &clp articles

    Circular on Foreign Exchange Control Issues Relevant to Overseas Loans Extended by Enterprises in China

    Circular on Foreign Exchange Control Issues Relevant to Overseas Loans Extended by Enterprises in China

    关于境内企业境外放款外汇管理有关问题的通知

    The Circular allows enterprises in China to directly extend loans to their wholly-owned subsidiaries and enterprises overseas. (See full translation)

    See also:
    First loans made under new acquisition financing rules 16 Mar 2009
    Doubts remain over legality of M&A lending 21 Jan 2009

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