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Cross-Border State Administration of Foreign Exchange

Latham & Watkins LLP

China: New SAFE Regulations Improve Access to Onshore Credit Support

Latham & Watkins LLP on

New SAFE cross-border security rules will ease restrictions on offshore bond offerings and other offshore financings by Chinese companies. Introduction – On May 19, 2014, China’s State Administration of Foreign...more

Cadwalader, Wickersham & Taft LLP

Impact of the New PRC Cross-Border Security Regulations on Debt Financing

On May 12, 2014, the State Administration of Foreign Exchange (“SAFE”) of the People’s Republic of China (the “PRC”) issued a notice on the Issuance of Administration Rules of Foreign Exchange on Cross-border Security (the...more

Sheppard Mullin Richter & Hampton LLP

SAFE to Relax Foreign Exchange Control over Cross-border Guarantee

On May 19, 2014, the State Administration of Foreign Exchange (“SAFE”) released Notice on the Promulgation of Foreign Exchange Administration Rules on Cross-border Guarantee(“Circular 29”) with a view to promoting...more

Akin Gump Strauss Hauer & Feld LLP

SAFE Issues Circular 29 to Ease the Approval Requirements for Cross-Border Guarantees

On May 19, 2014, the State Administration of Foreign Exchange (“SAFE”) released provisions aiming to simplify the existing process and ease approval requirements for foreign guarantees in China and further broaden the scope...more

Sheppard Mullin Richter & Hampton LLP

Renminbi Qualified Foreign Limited Partner: an incremental step toward RMB internationalization in the private equity industry

In a number of incremental steps, the PRC government has been easing restrictions on the cross-border movement of RMB. The latest step for the private equity industry is the Renminbi Qualified Foreign Limited Partner Program...more

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