People's Bank of China and State Administration of Foreign Exchange Release "Measures for the Management of Overseas Loans by Domestic Enterprises"

People’s Financial News, March 20 — On March 20, 2026, the People’s Bank of China and the State Administration of Foreign Exchange jointly issued the “Notice on the Issuance of the Administrative Measures for Domestic Enterprises’ Overseas Lending” (hereinafter referred to as the “Notice”), further supporting and regulating domestic enterprises’ overseas lending activities. The main contents of the “Notice” include: First, integrating domestic enterprises’ RMB and foreign currency overseas lending into unified management to facilitate efficient cross-currency lending under the same business rules. Second, including domestic enterprises’ overseas lending into macro-prudential management, clarifying that the overseas lending balance cap is linked to the owner’s equity, supporting enterprises to operate within the balance limit. Third, raising the macro-prudential adjustment factor for domestic enterprises’ overseas lending from 0.5 to 0.6, overall increasing the overseas lending balance cap to better meet enterprises’ cross-border operational funding needs. Fourth, clarifying management requirements for domestic banks and enterprises handling overseas lending and the use of funds to effectively prevent risks. Moving forward, the People’s Bank of China and the State Administration of Foreign Exchange will promote the steady implementation of the “Notice” and actively play its role in serving the real economy, facilitating cross-border trade, and promoting investment and financing convenience.