By Xueli Cheng Roy Zhang and Hai Zhuo, King & Wood Mallesons’ Banking Group

cheng_xuelizhang_royOn July 10, 2015, the People’s Bank of China Guangzhou Branch issued the Interim Administrative Measures for Pilot Cross-border RMB Loan Business in Guangdong Nansha and Hengqin New Zones (the “Measures”), which provide the relevant enterprises in Guangdong Province with a new cross-border financing channel and create an additional reflux channel for overseas RMB capital. The promulgation of the Measures indicates that the preferential policy of cross-border RMB loan has been put into place in all three sub-zones of the Guangdong FTZ, i.e., Qianhai, Nansha, and Hengqin.

KWM Shenzhen Office is assisting a Hong Kong bank in handling one of the first batches of cross-border RMB loans after the promulgation of the Measures. Our brief comments on the main contents of the Measures are as follows:
Continue Reading The Launch of the Cross-border RMB Loan Policy in Nansha and Hengqin