Analysis: SAFE's new cross-border guarantee standards
Approval and registration standards of China’s State Administration of Foreign Exchange (SAFE) cross-border guarantee financing scheme just got a whole lot easier.
China’s foreign exchange regulator has drastically eased restrictions on the provision of cross-border lending guarantees, effective on June 1. In a dramatic shift in policy, which further opens the capital account, SAFE has outlined how companies can obtain cheaper financing through the use of guarantees backed by securities.
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