Shanghai Swan Industries Limited is honour to be one of Pilot enterprises of the pilot reform of foreign debt registration and management in China. Shanghai Swan Industries Limited is the only one private enterprise in shanghai to be authorised as pilot enterprise of this new policy till today.
On June 5, 2020, Shanghai Branch of Administration of foreign exchange issued the notice of the Shanghai Branch of the State Administration of foreign exchange on carrying out the pilot reform of foreign debt registration and management in Lingang New Area of China (Shanghai) pilot free trade zone (Shanghai Huifa [2020] No. 26). The pilot reform of foreign debt registration and management was carried out in Lingang New Area of China (Shanghai) pilot free trade zone To handle one-time foreign debt registration, no longer deal with foreign debt contract registration one by one.
This is the effective implementation of the important instructions of general secretary Xi Jinping on the construction of the new port area, promoting the financial opening and innovation and development of the new port area. It is also the Circular of the Shanghai sub bureau of Administration of foreign exchange to implement the notice of the State Administration of foreign exchange on further facilitating cross border trade and investment facilitation (No. 2019] 28. Important measures to facilitate cross-border financing of enterprises.
