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In July 2010, the State Administration of Foreign Exchanges (SAFE) promulgated detailed rules that streamlined the regulatory approval process for provision of foreign security (including both guarantees and asset security) by PRC [1] entities (the 2 In July 2010, the State Administration of
10 August 2011
http://www.allenovery.com/publications/en-g … -tightens-control-over-foreign-security.aspx


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