China simplifies rules on cross-border flows for multinationals

BEIJING/SHANGHAI, March 18 (Reuters) - China's foreign exchange regulator on Monday published rules aimed at facilitating cross-border capital flows for multinational corporations operating in the country.

The rules simplify the registration process for multinational firms borrowing from overseas or lending money abroad, making it easier for them to manage their cross-border capital, the State Administration of Foreign Exchange (SAFE) said on its website. (Reporting by Samuel Shen and Kevin Yao Editing by Darren Schuettler)

2019-03-18 12:45:55

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.