A major new regulation on cross-border lending (People's Bank of China Circular No. 27), took effect earlier in the year. We prepared an extensive overview of the regulation in Chinese (《境内银行业金融机构境外贷款新规解析》). Below is a shorter version of the article in English. The briefing in English first appeared in the December issue of Butterworths Journal of International Banking and Financial Law in International Briefings.
