By Stanley Zhou Gu Jieyu King & Wood Mallesons’ Finance & Capital Market Group
On 22 January 2016, China’s central bank promulgated a notice entitled the PBOC Circular Regarding the Expansion of the Pilot Program of Prudent Macro Management of Cross-border Financing (“PBOC Circular”). According to the PBOC Circular, a new unified cross border financing management regime will be implemented as of 25 January 2016 in China’s four free trade zones, including Shanghai Free Trade Zone, Guangdong Free Trade Zone, Tianjin Free Trade Zone and Fujian Free Trade Zone.
In this regulatory alert, we will analyze the key features of the new cross border financing management regime contemplated by the PBOC Circular.
Read full article, please click here.