Domestic enterprises' domestic and foreign currency overseas lending unified management; macroprudential adjustment coefficient raised to 0.6 | Going Global · Finance

[Caixin] More and more Chinese companies are going global. How can they meet their cross-border financing needs?

On March 20, 2026, 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” (referred to as “Document No. 63”), standardizing the procedures for outbound loans in RMB and foreign currencies by domestic enterprises, and incorporating outbound loans into the current macroprudential management policy framework.

Officials from the People’s Bank of China and the State Administration of Foreign Exchange stated in response to questions from reporters that the current policies on outbound loans in RMB and foreign currencies were introduced quite early and differ in terms of funding sources, loan terms, and extension requirements. The issuance of “Document No. 63” aims to better meet the genuine and reasonable financing needs of “going global” enterprises. Under the integrated management approach for both domestic and foreign currencies, it unifies and improves policies on outbound loans in both currencies.