Clifford Chance
SAFE Blazing a Trail to Boost Private Outbound Investment
20 August 2012
China's SAFE has issued an important notice to relax the procedures for foreign exchange administration in respect of fund remittance and offshore loans. The notice also aims to loosen control over foreign security provided by domestic individuals. These measures will strengthen the financing ability of offshore companies invested by Chinese domestic enterprises, in line with China's strategy in encouraging private enterprises to "go global" and engage in outbound investments.
