In the News: Foreign Debt Reforms; Risk Classification of Bank Assets; and First Foreign-Owned Securities Firm

February 15, 2023 | BY

Hugo Yeung &Clarence Lee

China has imposed new regulations on PRC companies raising foreign mid-to-long-term debt; It also has introduced stricter measures on bank asset risk classification; and for the first time, it has granted a wholly foreign-owned securities firm permission to be established in China.

 Credit: Antonio/Adobe Stock

   

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Foreign Debt Regulation to be Clarified

On February 10, the National Development and Reform Commission's (NDRC) Measures for Administration of the Review and Registration of Mid- to Long-Term Foreign Debt of Enterprises (企业中长期外债审核登记管理办法) took effect, replacing the 2015 Circular on Promoting the Reform of the Filing and Registration Regime for Issuance of Foreign Debt by Enterprises (关于推进企业发行外债备案登记制管理改革的通知).

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