SAFE Clarification Regarding Outbound Direct Investments

Following last year’s issue of the Rules on Foreign Exchange Administration for Outbound Direct Investments by Onshore Entities, SAFE has announced clearer registration procedures that onshore banks must follow for their own outbound direct investments. Onshore banks include; policy banks, State-owned commercial banks, joint stock commercial banks, urban and local banks and locally incorporated foreign [...]

Published by admin on July 23rd, 2010 tagged China Law | Comment now »

New Rules Clarify Procedures for Outbound Direct Investments by Onshore Banks

China’s State Administration of Foreign Exchange (SAFE) recently issued a notice to clarify the registration procedures necessary for onshore banks to make direct foreign investments.  Onshore banks include policy banks, State-owned commercial banks, joint stock commercial banks, urban and rural commercial banks, and even locally incorporated foreign banks. 
Once an onshore bank has obtained approval from [...]

Published by admin on July 13th, 2010 tagged China Law | 1 Comment »

Outbound M&A Financing Regulations

In 2008, the China Banking Regulatory Commission announced the “Guidelines on the Risk Management of Mergers and Acquisition Loan Business of Commercial Banks.” These guidelines now allow commercial banks in China to finance M&A activities. The new guidelines have generated massive interest from Chinese commercial banks in exploring opportunities in M&A financing to support Chinese [...]

Published by admin on July 13th, 2010 tagged China Law | Comment now »