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The People's Bank of China and the State Administration of Foreign Exchange issued the "Regulations on the Management of Outbound Loans by Domestic Enterprises"
To standardize cross-border lending business of domestic enterprises, the People’s Bank of China and the State Administration of Foreign Exchange have formulated the “Measures for the Administration of Cross-Border Loans by Domestic Enterprises” in accordance with relevant laws and regulations, including the “Law of the People’s Republic of China on the People’s Bank of China” and the “Regulations of the People’s Republic of China on Foreign Exchange Administration.” (People’s Bank of China)