Opinion: Simplifying cross-border security
July 04, 2014 | BY
clpstaff &clp articlesSAFE has relaxed its control over foreign exchange for cross-border security. Yun Chen believes the new rules are an important breakthrough for onshore and offshore financing
Share:
On May 19 2014, the State Administration of Foreign Exchange (SAFE) promulgated the Provisions on Foreign Exchange Control in Connection with the Cross-border Provision of Security (跨境担保外汇管理规定) (New Provisions). This milestone in SAFE's history has overturned the PRC regulatory regime on cross-border security