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 Overseas Loans by Domestic Enterprises” (referred to as “Document No. 63”), standardizing the procedures for domestic enterprises’ RMB and foreign currency overseas lending and incorporating overseas loans into the current macroprudential management 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 RMB and foreign currency overseas loans were established 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 out” enterprises, and to unify and improve the policies on foreign currency and RMB overseas loans under the integrated management approach.