Hengxin foreign exchange: foreign exchange loans to purchase foreign exchange business owing on the loan is no longer limited governance fine-tuning

Along with the foreign exchange loan growth slowed down significantly this year, there are signs that the government is in a relaxed foreign exchange loans.

In September 4th, a large state-owned bank sources, the National Foreign Exchange Management Bureau recently issued a notice saying, domestic enterprise group finance company may purchase foreign exchange for repayment of principal and interest of domestic foreign exchange loans business for the member companies, previously only through banks; at the same time, "the provisions of the debtor to repay the loan principal and interest should be the first to use its own foreign exchange, the insufficient part can purchase" also no longer execution.

"This means that enterprises can according to their own wishes to purchase foreign exchange in advance owing on the loan, no longer issued its own foreign exchange confirmation. Is this policy in many places early in the implementation, but does not have a written statement, now have the basis." The above-mentioned sources.

A person familiar with the foreign policy of the personage expresses, will originally confined to the bank loans to business extends to the related foreign exchange loans within the group, is to adapt to the needs of enterprises, can be considered as a step to relax the foreign exchange loan management, but the financial company to handle the settlement and sale of foreign exchange business shall also fulfill corresponding obligations of statistics, means the foreign exchange loans will remain under strict supervision.

Break the bank "monopoly"

Notice in the foreign exchange bureau issued, "replied" forward about nuclear financial liability company purchased foreign exchange business owing on the loan, which can also be downloaded from the China nuclear industry group in a recent statement confirmed.

"The nuclear group nuclear power and nuclear fuel enterprises due to imports of equipment, technology transfer, foreign exchange loan amount, repayment of the loan principal and interest to enjoy the preferential price of the purchase of foreign exchange from the bank. According to the relevant provisions of the State Administration of foreign exchange before, in the financial company can not carry out the member units to owing on the loan to purchase foreign exchange business.

Foreign exchange loans to purchase foreign exchange business owing on the loan is no longer limited governance trimming

After full investigation, CNNC finance company to the State Administration of exchange control was put forward to carry out foreign exchange loan business applications, and approved." Nuclear group in August 27th, said in a statement released by the.

Familiar with the foreign policy of the personage points out, since 2008, the foreign exchange bureau promised within groups focus on using foreign capital, the Associate Company for the settlement and sale of foreign exchange, the nuclear group is an example; in May this year, the foreign exchange bureau issued "pilot the franchise individual foreign exchange business management approach", "who meet the conditions prescribed the non-financial enterprises may apply for the franchise individual foreign exchange business, obtain a licence to accept personal cash this foreign currency exchange," after charter currency exchange institutions increased gradually.

"Originally only banks can handle settlement business qualifications, now more and more institutions can handle, which is a big background of foreign exchange bureau issued the notice." The source said.

Notice to group financial company to member companies for foreign exchange loan business, also promised to open a special account of domestic foreign exchange loan member companies in the financial company, and expounds that "a foreign currency loan can only open a special account" means, a foreign currency loan can not open a special account of domestic foreign exchange loan, but several foreign exchange loans share a special account of domestic foreign exchange loan.

Notice also clear enterprise can will purchase owing on the loan, but before the provisions of the debtor to repay the loan principal and interest, should use its own foreign exchange, the insufficient part can be purchased. "As the enterprise to open an account in the bank has been very common, so enterprises to purchase foreign exchange payments owing on the loan, must be issued by the foreign exchange confirmation with his foreign exchange account statements, procedures are cumbersome." The source said.