China Finance Bulletin - June 2013: ¦¦ SAFE’s New Rule Simplifies and Clarifies Foreign Debt Registration


SAFE’s New Rule Simplifies and Clarifies Foreign

Debt Registration

On April 28, 2013, the State Administrative of Foreign Exchange (“SAFE”) issued “The Administrative Measures for the Registration of Foreign Debt” (entitled “The Operational Guidelines for the Registration of Foreign Debt”) (Hui Fa [2013] No.19) (collectively, the “No. 19 Circular”)1. The No. 19 Circular came into effect on May 13, 2013.

The No. 19 Circular is a major milestone in foreign exchange administration, as it combines and integrates the existing departmental regulations, and clarifies approval principles in a systematic way.

The key changes made by the No. 19 Circular are...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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