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Restrictions eased on offshore lending in FTZ

China's foreign currency regulator eased restrictions for companies registered in Shanghai's recently established free trade zone (FTZ), increasing the amount that foreign currency companies registered in the zone can lend in offshore markets, according to an announcement posted on the FTZ's website. The new regulations issued by the State Administration of Foreign Exchange increased the amount of funds companies can lend to 50 percent of net ownership equity, up from 30 percent. The rules also allow domestic banks registered in the zone to use up to 10 percent of foreign exchange held in a zone account for investment in China.

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