18 January 2019

NDRC raises foreign debt quota for foreign banks, paper says

The National Development and Reform Commission (NDRC) said Monday it will lift the quotas for medium to long-term foreign debt for foreign banks to allow for easier capital flows and facilitate their business development in China, the Economic Information Daily reported Tuesday. At present, the NDRC assigns quotas for foreign debt with a tenor of one year or above, while those with maturity under one year are supervised by the State Administration of Foreign Exchange, the report said.

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