Clifford Chance
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.
