Dec 11, 2023 08:45 PM

FINANCE

China’s Forex Regulator Expands Overseas Borrowing Pilot Nationwide

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China’s forex regulator has expanded a trial program nationwide to encourage eligible domestic businesses to borrow overseas.

The expansion is part of new measures for facilitating cross-border trade and investment released by the State Administration of Foreign Exchange (SAFE) on Friday, some five months after a draft version of the measures was published for public comment.

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