09 August 2023
The State Administration of Foreign Exchange, Shenzhen Branch (“the authorities”) issued the “Notice in Relation to the ““Qianhai Port Corporate Lending” Business Operation Guidelines” (“the Guidelines”) on 9 August 2023. The authorities announced to facilitate the launching of cross-border financing for eligible Hong Kong-funded micro and small enterprises in the Qianhai Shenzhen and-Hong Kong Modern Service Industry Cooperation Zone. Hong Kong-funded micro and small enterprises registered in the Qianhai Cooperation Zone is allowed to borrow foreign debts within a limit not exceeding RMB 5 million. This guideline shall be effective on 9 August 2023.