China overhauls cross-border financing regime

The PBOC has aligned the offshore loan requirements of PRC and foreign enterprises and introduced a new formula for calculating debt quotas, opening the gates for Chinese companies to get cheaper funding abroad. 中国人民银行统一了对中国和外国企业的海外贷款要求，并推出全新公式来计算债务限额，为中国公司提供机会来获取更廉价的海外融资。