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China Insight - Banking & Finance

SAFE Launched Pilot Project to Support the Financing of Small and Medium Cap Enterprises


On 28 October 2013, the State Administration of Foreign Exchange (the “SAFE”) promulgated the Circular on Foreign Exchange Control Issues Concerning Trial Implementation of the Business of Small Domestic Loans Secured by Security from Abroad in Certain Regions (Hui Fa (2013) No.40) (the “Circular No. 40”). We highlight below the main content of this circular.

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China Insight - Banking & Finance
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Kevin Wang, LL.M.