Act Governing Foreign Loans and Guarantee for the Government to Develop the Economy and Society Article 9

Of foreign loans sought by private development and financial institutions that require the Treasury to act as guarantor, the grand total of the unpaid loan may not exceed ten times of its net value.The net value as referred to in the preceding paragraph shall pertain to the sum of capitalization free of deficits and corporate reserves not specifically designated for debt repayment.If foreign loans sought by state-owned financial institutions or private development/financial institutions and guaranteed by the Treasury are to be loaned out subsequently, the interest rates may not exceed the rates at which state-owned financial institutions lend to state-owned enterprises.