It is reported that the People's Bank of China earlier had issued a notice on national cross-border financing macro-management, aiming to expand the cross-border financing space of enterprises (excluding government financing platform and property enterprises) and financial institution, and to reduce actual economic financing cost. Anbound believes that the relevant businesses would become more heated-up, the authorities need to strengthen the authenticity of the relevant business confirmation and supervision to avoid accelerated outflow of domestic capital through this channel. In addition, with the new government of the United States coming to power, its related policies (tax cuts, deregulation, and expansion of infrastructure investment) are with great uncertainty; a lot of international capital markets will be depending on the trend of dollar. While there is an increase in the size of offshore financing, the relative risks of exchange rate and interest rate are also increasing, and enterprises have to pay more attention and carry out the necessary risk hedging.