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ARTICLE · 28 JULY 2013

China Releases Administrative Measures on Foreign Debt Registration

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Under the Foreign Debt Measures and the Guideline, borrowers are classified as three different groups: government finance authority, domestic banks and non-banking borrowers.

ChinaFinance and Banking

On April 28, 2013, the State Administration of Foreign Exchange (the "SAFE") promulgated the Administrative Measures of Registration of Foreign Debts (the "Foreign Debt Measures") together with the detailed Operational Guidelines of Administration of Foreign Debt Registration (the "Guidelines"). Both regulations will be implemented from May 13, 2013. The Foreign Debt Measures and the Guidelines have simplified some of the foreign debt approval requirements and clarified previous uncertainties in the practice of foreign debt registration and administration. The key changes in the Foreign Debt Measures and Guidelines are as follows:

1. Classifying different types of foreign debt administration

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