China's foreign exchange regulator recently upgraded its pilot policy on helping high-tech enterprises in the Zhongguancun Technology Incubation Center borrow money from overseas in its latest effort to support the development of these companies.

The foreign debt quota was raised from $5 million to $10 million.

Huiying Medical Technology Co and Aibee Intelligent of the Zhongguancun Haidian Technology Incubation Center both obtained a foreign debt quota of $10 million on June 1, which is a boost for any high-tech start-up firm.

The upgraded policy adopts a one-stop registration system of foreign debt, which will simplify the registration of foreign debt. Bailian Intelligent and China National Building Materials & Equipment Import & Export Corporation went through it on June 1, the date that the policy took affect. 

Another highlight of the upgraded policy is the refined operation of foreign debt funds into equity investment.

If a non-investment pilot enterprise uses foreign debt funds for equity investment after the foreign exchange settlement, it must open a special account to receive any funds after registering the domestic reinvestment.