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China – December 2022
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The People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) jointly promulgated a new regulation relating to overseas loans. The Circular of the People’s Bank of China and the State Administration of Foreign Exchange on Matters Relating to the Overseas Loan Business of Banking Financial Institutions (Yinfa [2022] No. 27) (关于银行业金融机构境外贷款业务有关事宜的通知 (银发[2022]27号)) (PBOC Circular No. 27) took effect on 1 March 2022.
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