PBOC initiates pilot cross border financing programme in FTZs | Practical Law

PBOC initiates pilot cross border financing programme in FTZs | Practical Law

The People's Bank of China has initiated a pilot programme to allow companies registered in China's free trade zones, as well as certain designated foreign and domestic banks, to obtain RMB or foreign currency financing from offshore lenders. This process is subject to a borrowing ceiling that can be adjusted in line with the PBOC's macro-prudential policies.

PBOC initiates pilot cross border financing programme in FTZs

Practical Law UK Legal Update 2-622-5605 (Approx. 3 pages)

PBOC initiates pilot cross border financing programme in FTZs

Published on 01 Feb 2016China
The People's Bank of China has initiated a pilot programme to allow companies registered in China's free trade zones, as well as certain designated foreign and domestic banks, to obtain RMB or foreign currency financing from offshore lenders. This process is subject to a borrowing ceiling that can be adjusted in line with the PBOC's macro-prudential policies.