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鉴于民营企业所有权和公司架构的特殊性,其境外发债在方案选择和流程管理上,相比国有企业均有其自身的特点。2017年开年之际,央行发布了《中国人民银行关于全口径跨境融资宏观审慎管理有关事宜的通知》(银发[2017]9号,下称9号文)。9号文进一步扩大了企业全口径融资的额度,由原先净资产的一倍扩大到了净资产的两倍。这意味着国内企业将可以借用更多的外债。
In view of the peculiarity of ownership and corporate structure of private enterprises, the overseas debt issuance has its own characteristics compared with state-owned enterprises in terms of program selection and process management. On the occasion of the first year of 2017, the central bank issued the Notice of the People’s Bank of China on Macro-prudential Management of Cross-border Financing on a Full-scale Cross-border Financing (No. 9 [2017], hereinafter referred to as Circular 9). Circular 9 further widened the scope of corporate full-funding, from double the original net assets to double the net assets. This means that domestic enterprises will be able to borrow more foreign debt.