China simplifies rules to facilitate cross-border capital flows

Published: March 18, 2019 17:23:17 | Updated: March 20, 2019 12:18:58

China’s foreign exchange regulator on Monday published rules aimed at facilitating cross-border capital flows for multinational corporations operating in the country.

The rules simplify the registration process for multinational firms borrowing from overseas or lending money abroad, the State Administration of Foreign Exchange (SAFE) of the country said on its website, reports Reuters.

The country also wants to make it easier for them to manage their cross-border capital.