Interim Provisions on the Statistics and Monitoring of Foreign Debt (Revised in 2020)
Interim Provisions on the Statistics and Monitoring of Foreign Debt (Revised in 2020)
Interim Provisions on the Statistics and Monitoring of Foreign Debt (Revised in 2020)
Order of the State Council of the People's Republic of China No.732
November 29, 2020
(Adopted by the State Council on June 17, 1987; promulgated by the State Administration of Foreign Exchange on August 27,1987; and revised according to the Decision of the State Council on Revising and Repealing Certain Administrative Regulations on November 29, 2020
Article 1 These Interim provisions are formulated to enable up- to-date information on the country's foreign debt to be collected exactly and completely so as to control the size of external borrowing effectively, raise the efficacy of using foreign funds and promote national economic growth.
Article 2 The country pursues the policy of managing foreign debt by registration.
The State Administration of Foreign Exchange (SAFE) is in charge of establishing and perfecting the system of statistics on and monitoring over the foreign debt of the country and publishing figures on the foreign debt.
Article 3 Foreign debt herein mentioned refers to all the debts which are guaranteed by repayment contracts in foreign currency and are borrowed from international financial institutions, foreign governments, financial institutions, enterprises or other institutions located outside the People's Republic of China by State enterprises, government establishment, financial institutions or other institutions (borrowing units) in the People's Republic of China.
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Order of the State Council of the People's Republic of China No.732
November 29, 2020
(Adopted by the State Council on June 17, 1987; promulgated by the State Administration of Foreign Exchange on August 27,1987; and revised according to the Decision of the State Council on Revising and Repealing Certain Administrative Regulations on November 29, 2020
Article 1 These Interim provisions are formulated to enable up- to-date information on the country's foreign debt to be collected exactly and completely so as to control the size of external borrowing effectively, raise the efficacy of using foreign funds and promote national economic growth.
Article 2 The country pursues the policy of managing foreign debt by registration.
The State Administration of Foreign Exchange (SAFE) is in charge of establishing and perfecting the system of statistics on and monitoring over the foreign debt of the country and publishing figures on the foreign debt.
Article 3 Foreign debt herein mentioned refers to all the debts which are guaranteed by repayment contracts in foreign currency and are borrowed from international financial institutions, foreign governments, financial institutions, enterprises or other institutions located outside the People's Republic of China by State enterprises, government establishment, financial institutions or other institutions (borrowing units) in the People's Republic of China.
......