SAFE to Relax Foreign Exchange Control over Cross-border Guarantee

On May 19, 2014, the State Administration of Foreign Exchange (“SAFE”) released Notice on the Promulgation of Foreign Exchange Administration Rules on Cross-border Guarantee(“Circular 29”) with a view to promoting cross-border guarantee activities...
By: Sheppard Mullin Richter & Hampton LLP

Sheppard Mullin Richter & Hampton LLP