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8 Departments: CN to Support Firms to Legally, Compliantly Finance in SG/ HK
The People's Bank of China (PBOC) and 7 other departments jointly issued the Opinions on Financial Support for Accelerating the Construction of the New International Land-Sea T...
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8 Departments: CN to Support Firms to Legally, Compliantly Finance in SG/ HK
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The People's Bank of China (PBOC) and 7 other departments jointly issued the Opinions on Financial Support for Accelerating the Construction of the New International Land-Sea Trade Corridor, proposing the exploration of the mutual market access between domestic and foreign financial markets.

Banks that meet the conditions are supported to issue cross-border loans to ASEAN country enterprises or projects under regulatory compliance and macro-prudential frameworks.

Related NewsLoan Prime Rate 1Y for 2025 in China is 3%, unchanged from its last period. The forecast was 3.0%.
China should strengthen the developmental connection between provinces (regions & cities) along the route and the Guangdong-Hong Kong-Macao Greater Bay Area, supporting enterprises to legally and compliantly finance in Singapore and Hong Kong, so as to deepen the Qualified Foreign Limited Partner (QFLP) pilot program.

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