Shanghai FTZ's new financial regulations expected

Shanghai FTZ's new financial regulations expected

Shanghai FTZ's new financial regulations expected to benefit companies
 
Shanghais Pilot Free Trade Zone confirmed new international finance regulations today that are expected to be a significant boost to companies in the zone. Effective today, cheaper, cross border financing will be available to companies in the free trade zone.  
 
Yan Dinggui has been running one of Chinas peer-to-peer platforms since 2011. Several months ago, he and others in the business heard of coming opportunities in the zone and registered finance leasing companies there to take advantage of it.
 
"The Shanghai Free Trade Zone encourages cross-boarder cash flows, and we’re quite interested in that. Because here, we're able to borrow RMB from the international marketplace, and that gives us lower costs and simpler operations." Said Yan Dinggui from Shanghai Jiayin Financial service.
 
The new FTZ regulations taking effect today allow businesses within the zone to finance offshore after simply filing out one document. They may borrow RMB in Hongkong, for example, at the Hong Kong interest rate of around 3%, which is about HALF the rate in the Chinese Mainland. It's a big step for cross-border finance in China.

Lawyer Consulting
Legal Help for Foreign Enterprises into Shanghai FTZ : Solution Centre

Are you short on legal help and want to launch your business idea in China Shanghai Free Trade Zone? We offer ONE-STOP business law services and Turn Key Solution to Foreign Enterprises from all over the world.Contact Your Shanghai FTZ Consultant