Issued: July 9, 2019
Main contents: The proceeds derived from an offering of foreign debt by a real property enterprise may only be used to replace a medium or long-term foreign debt that will fall due within the coming year (Article 1).
General Office of the National Development and Reform Commission, Circular on the Requirements for the Application for Record Filing by Real Property Enterprises That Issue Foreign Debt
国家发展改革委办公厅关于对房地产企业发行外债申请备案登记有关要求的通知
The NDRC holds back the issuance of foreign debt by real property developers to mitigate risks.
By
Susan Mok