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Can foreign loans be deposited in domestic banks?
Yes, you can. China enterprises can borrow money from foreign enterprises, and foreign enterprises can also borrow money from China enterprises. Small and medium-sized enterprises need to do a lot of preparatory work before applying for loans from foreign commercial banks. They must first submit a project proposal, go through a series of approval procedures, and then apply for a loan from a foreign commercial bank. At the same time, they must submit the borrower's legal status certificate, lawyer's opinion, project feasibility study report, company balance sheet and other documents required by foreign financial institutions. Then the borrower and the borrower negotiate the loan amount, term, interest rate, cost, repayment method and other issues. After reaching an agreement, the two parties sign a loan contract, and the borrowing company draws money in installments or at one time according to the provisions of the loan contract.