Free Trial

China To Allow Tech SMEs To Borrow Overseas

CHINA PRESS
MNI (Singapore)

China is set to allow qualified high-tech small and medium-sized enterprises in Tianjin, Shanghai and 12 other provinces to borrow foreign debts independently within a limit of no more than USD10 million to further support their technological innovation, according to a draft document by the State Administration of Foreign Exchange seeking public comments. Qualified high-tech SMEs in other regions can borrow up to USD5 million. (Source: SAFE website)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.