Filing and registration of local state-owned enterprises’ outbound debts

The National Development and Reform Commission issued Notice on the Filing and Registration of outbound Debt issued by Local State-owned Enterprises All enterprises including the overseas affiliates or branches shall apply to for filing and registration with NDRC by domestic enterprises before issuanceA letter of commitment for the authenticity which has been signed and confirmed by the main decision-makers, shall submit meanwhile.  Local state-owned enterprises shall continue to operate for not less than three years Local state-owned enterprises bear the responsibility of repaying outbound debts as independent legal persons. Local governments and their departments shall not directly or promisingly repayRead More →

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