Great Fortune Securities: Major positive undigested

In order to implement the State Council's policy measures to stabilize external demand, improve the efficiency of capital use of domestic enterprises, and support all kinds of ownership enterprises to "go out" to drive exports, the State administration of foreign exchange issued the notice on relevant issues concerning foreign currency management of domestic enterprises, which has been implemented since August 1, 2009, By the current only allowed to meet the conditions of foreign-funded transnational corporations to expand to meet the conditions of the various types of enterprises, allowing domestic enterprises within a certain limit to use their own foreign exchange and renminbi to purchase a variety of funds for overseas lending. Overseas Chinese enterprises that have "gone out" have been affected by the current international financial crisis and will be able to obtain more flexible financing channels in China in the future. As the total amount of foreign loans is still restricted, the foreign lending limit should not exceed 30% of the lender's owner's equity, and the overall risk can be controlled under no significant impact on the balance of payments. China is more active in channelling international capital flows, easing the flow of funds generated by imbalances in international trade, and the latest foreign exchange measures should play an active role in encouraging domestic enterprises to "go out", and Chinese companies will shoulder the mission of supporting them. Not only is China reviving domestic demand, but it is also a good news for the market to boost external demand.