国家外汇管理局：进一步完善国内外汇贷款外汇管理有关事项

Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has issued a draft notice to improve the management of domestic foreign exchange loans, aiming to support and regulate the development of domestic foreign exchange loan business, facilitate trade and investment, and enhance service quality for the real economy [1][2]. Group 1: Regulations on Domestic Foreign Exchange Loans - Domestic foreign exchange loans refer to loans issued by domestic financial institutions to non-financial institutions within China, denominated in foreign currencies, excluding internal loans among multinational companies [1][2]. - Lenders must comply with relevant requirements from industry regulatory authorities when conducting domestic foreign exchange loan business [2]. - Loans with a trade background can be directly credited to the borrower's current account if they are self-repaying and correspond to specific export transactions [2][3]. Group 2: Income and Expenditure Management - The income for domestic foreign exchange loan accounts includes the principal and interest of the loans, funds transferred from other domestic foreign exchange loan accounts of the same borrower, and funds for repayment [3]. - Expenditures include repayment of the principal and interest of domestic foreign exchange loans, approved foreign exchange settlements, transfers to other domestic foreign exchange loan accounts of the same borrower, and allowable current and capital account foreign exchange expenditures [3][4]. Group 3: Usage and Compliance - Domestic foreign exchange loan funds can be used within the scope defined in the loan agreement and must comply with relevant laws and regulations [4]. - Borrowers should prioritize repayment using funds from export earnings or their own foreign exchange; if unable, they may purchase foreign exchange for repayment [4][5]. - Lenders are required to report data related to domestic foreign exchange loan business accurately and timely [5]. Group 4: Financing Lease and Pledge Loans - Financial leasing companies can agree to settle debts in foreign currencies if over 50% of the funds for purchasing leased assets come from foreign currency debt [5][6]. - Non-financial institutions can use their foreign currency as collateral to apply for RMB loans, with specific regulations governing the source of the pledged foreign exchange [6]. Group 5: Implementation and Transition - The notice will take effect from a specified date in 2026, and previous regulations inconsistent with this notice will be abolished [6][7].