Jan 11, 2023 02:20 PM

FINANCE

China to Tighten Scrutiny of Companies’ Foreign Debt

Buildings are reflected in a window in Beijing on Oct. 24. Photo: Bloomberg

Buildings are reflected in a window in Beijing on Oct. 24. Photo: Bloomberg

(Bloomberg) — China’s new regulation to increase scrutiny of companies’ foreign debt will take effect Feb. 10 in the market’s biggest overhaul since 2015.

The effort will encompass debt instruments with tenors of over one year that are sold by Chinese firms or their controlled offshore entities, according to a Tuesday announcement on the National Development and Reform Commission’s (NDRC) website.

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