SHANGHAI: China's foreign exchange regulator will expand a pilot scheme to enable high-tech start-ups to borrow money more easily from overseas, it said on Thursday.
The scheme, launched in 2018 by the State Administration of Foreign Exchange in Beijing's Zhongguancun technology hub, is now being rolled out in economic zones in Shanghai, Hubei and Guangdong, SAFE said in a statement.SAFE said it will continue to monitor cross-border capital flows and prevent systemic financial risks.
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