China's State Administration of Foreign Exchange (SAFE) published a draft notice
seeking comments to broaden the scope of firms eligible for cross-border
financing facilitation. The proposal would permit certain tech and manufacturing
firms — including innovative SMEs, manufacturing single‑champion firms,
technology-reform demonstration enterprises, national enterprise technology
centers, firms graded advanced or above in the intelligent factory development
ladder, and firms on the Ministry of Agriculture and Rural Affairs' key
laboratory list — to borrow foreign debt up to the equivalent of $10 mln. Firms
selected through relevant departments' innovation points system could apply for
foreign debt up to the equivalent of $20 mln.
