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Technoform raised a Rmb10 million loan from ICBC in a Chinese-Singaporean pilot initiative that bypasses foreign debt quotas. At least four other companies are following suit.
SAFE eases cross-border loan guarantee rules; HK court ignores China state secrecy laws; First loan under China-Korea currency swap transacted; Malaysia to roll out mobile e-payment platform.
Hong Kong’s tax bureau appears to be taking a new strong stance on companies who use its shores for cheap trade financing. A recent ruling indicates that companies can be taxed even its key operations are based ...
SAFE is calling for comments on draft proposals aimed at relaxing FX administration requirements on cross-border loan guarantees.
The PBOC Shanghai has authorised five third-party payment providers to execute renminbi cross-border payments for electronic commerce.
China to encourage market-based benchmark rates; India under pressure to increase dollar loans to local firms; South Korea tackles cash hoarding