State Administration of Foreign Exchange, Supplementary Circular on Issues Relevant to Renminbi Loans Secured with Foreign Exchange

国家外汇管理局关于外汇担保项下人民币贷款有关问题的补充通知

September 02, 2005 | BY

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Issued: April 15 2005Main contents: The Supplementary Circular addresses the following issues concerning renminbi loans secured with foreign exchange:1.…

Clp Reference: 3510/05.04.15 Promulgated: 2005-04-15

Issued: April 15 2005

Main contents: The Supplementary Circular addresses the following issues concerning renminbi loans secured with foreign exchange:
1. meanings of 'offshore institution', 'renminbi loan' and 'guarantee';
2. principles for the handling of renminbi loans secured with foreign exchange extended prior to April 1 2005;
3. handling of extensions of renminbi loans secured with foreign exchange granted after April 1 2005;
4. performance date; and
5. foreign exchange loans secured by offshore institutions
Related legislation: Circular on Verification of Short-term Foreign Debt Quotas of Foreign-invested Banks in China for the Year 2005, Jan 26 2005, CLP 205 No.2 p.5 and Circular on Improving the Administration of Renminbi Loans Secured with Foreign Exchange, Jul 15 1999, CLP 1999 No.7 p.24

clp reference:3510/05.04.15promulgated:2005-04-15

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