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The State Administration of Foreign...........>

CHINA
CHINA: The State Administration of Foreign Exchange said in a statement on its
website on Wednesday that it will support "authentic and legal" onshore
guarantees for offshore loans. "SAFE has not conducted investigations on certain
companies' relevant transactions like some media have reported," SAFE said in
the statement, referring to a recent Caixin magazine report that the regulator
had investigated big outbound investors, including Dalian Wanda and Fosun Group,
over their onshore guarantees for offshore loans. SAFE said in the statement
that it will continue to work with other regulators to enhance regulations and
manage risks on "relevant transactions."

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