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Clifford Chance

Clifford Chance
Briefings

Briefings

Cross-border Renminbi Financing How are funds raised offshore remitted into China?

18 July 2011

With the increased accumulation of offshore renminbi, cross-border RMB financing has become another opportunity for financiers and companies alike.

Yet, RMB capital account transactions are still strictly monitored in China, making the remittance of funds raised offshore a key obstacle for developing cross-border RMB financing.

This briefing looks at some practical structures a foreign investor may consider in providing financing to its PRC onshore operations, considering the requirements and implications of recent MOFCOM, SAFE and PBOC notices.

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