China’s foreign lending guarantee pilot reform to benefit SMEs
A pilot reform that allows foreign guarantors on loans to small and medium enterprises (SMEs) in China is enabling new strategies for cross-border funding and parallels China’s foreign exchange liberalisation.
In the pilot reform, launched on October 28, China’s State Administration of Foreign Exchange (SAFE) relaxed controls and removed a limit on the number of deals that can be guaranteed by foreign entities for qualified domestic borrowers on loans under Rmb50 million.
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