Foreign Exchange Administrative Measures Governing Overseas Direct Investment by Domestic Institutions

In order to encourage and regulate the overseas investment by domestic institutions, the State Administration of Foreign Exchange (SAFE) has issued the provisions, which will be effective on August 1st, 2009. The main points of the provisions are as follows? – The provisions expand the sources of foreign exchange by means of adding foreign exchange…


CBRC New Rules on Fixed Assets Loan & Project Finance

1) Guidelines for Project Finance Business, [2009] No.71 2) Provisional Measures on the Administration of Fixed Assets Loans, CBRC Order [2009] No.2 In order to regulate the fixed assets loans and project finance business of the commercial banks, China Banking Regulatory Commission (“CBRC”) released the Guidelines for Project Finance Business on July 18, 2009, and…