Circular on the Nationwide Implementation of Macroprudential Administration of the Overall Cross-border Financing
关于在全国范围内实施全口径跨境融资宏观审慎管理的通知
Financial institutions and enterprises nationwide are free to seek cross-border financing in renminbi or foreign currencies.
(Issued by the People's Bank of China on April 27 2016 and effective as of May 3 2016.)
(中国人民银行於二零一六年四月二十七日发布, 自二零一六年五月三日起施行。)
Yin Fa [2016] No.132
银发 [2016] 132号
The People's Bank of China, pursuant to laws and regulations such as the PRC People's Bank of China Law and on the basis of a summation of preceding regional and local pilot projects, is broadening the policy of macroprudential administration of the overall cross-border financing to the entire country in order to master a cross-border financing level that is consistent with the macroeconomic temperature, overall solvency and the international balance of payments, control the leverage ratio and currency mismatch risks and achieve consolidated administration of the renminbi and foreign currencies. We hereby notify you of relevant matters as follows:
根据《中华人民共和国中国人民银行法》等法律法规，为把握与宏观经济热度、整体偿债能力和国际收支状况相适应的跨境融资水平，控制杠杆率和货币错配风险，实现本外币一体化管理，中国人民银行在总结前期区域性、地方性试点的基础上，将全口径跨境融资宏观审慎管理政策推广至全国范围。现将有关事项通知如下：
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