China 2013 short-term foreign debt quota at $37.3 bln-SAFE

By
Daily Excelsior
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BEIJING, Mar 1: China has set a quota on the total amount of short-term foreign debt that banks and companies can borrow in 2013 of $37.3 billion, the country’s foreign exchange regulator said on Friday.
Of the total, the quota for selected Chinese banks will be $11.6 billion while that for qualified foreign banks operating in China will be $15.3 billion, the State Administration of Foreign Exchange (SAFE), said in a statement on its website, www.Safe.Gov.Cn. (AGENCIES)

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