In principle, it is impossible. Foreign debt cannot be used to repay RMB loans. Huifa [2004] No.42 document does not allow foreign-invested enterprises to use foreign exchange settlement funds to repay RMB debts.

In addition, if it is foreign debt settlement, it is also handled in the bank. The principle is basically the same as the fund settlement, and the purpose is to meet the purpose stipulated in the loan contract when registering foreign debts at that time.