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China
Credit Control and Cashflow
China
De Brauw Blackstone Westbroek N.V.
The option of two-way cross-border RMB cash pooling had been available to entities established in the Shanghai Free Trade Zone for some time.
Jones Day
On October 12, 2009, the State Administration of Foreign Exchange ("SAFE") issued the Administrative Rules on Foreign Exchange Cash Pooling of Group Members of Enterprises in China, Hui Fa [2009] No. 49 (the "Rules").
Lehman Brown
In March 2005, China kicked off the experiment on securitization of credit assets, which allowed banks to sell their credit assets through issuing the securities in the capital market for refinancing.
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