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China to Ease Cross-Border Financing for High-tech SMEs: Xinhua

CHINA PRESS
MNI (Singapore)

China will support high-tech SMEs in several Free Trade Zones to independently borrow foreign debts, as well as pilot qualified foreign limited partners (QFLP) and qualified domestic limited partners (QDLP) in the areas to broaden companies’ cross-border financing channels, Xinhua News Agency reported citing the State Administration of Foreign Exchange. The new policy includes nine capital account reform measures, including steadily opening cross-border asset transfer business, and piloting integrated domestic and foreign currency fund pools for multinational companies, Xinhua said.

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