Core Viewpoint - The State Administration of Foreign Exchange (SAFE) has announced reforms to enhance cross-border financing, allowing eligible high-tech and specialized small and medium-sized enterprises to borrow foreign debt with increased limits [1] Group 1: Cross-Border Financing - Eligible high-tech, "specialized and innovative," and technology-based SMEs can borrow foreign debt up to an equivalent of 10 million USD [1] - Enterprises selected through the "innovation points system" can borrow foreign debt up to an equivalent of 20 million USD [1] Group 2: Capital Project Management - The reform includes a reduction in the negative list for the use of capital project income [1]