BEIJING, May 18 (Reuters) - China's foreign exchange regulator on Monday said it planned to ease its inspection procedures to encourage more investment abroad by Chinese companies.
The State Adminstration of Foreign Exchange (SAFE) also said it would allow companies to borrow foreign exchange held in China to support their investments abroad.
The proposals were part of rules governing outbound investment that SAFE posted on its website for review. It said many of the new rules were simply restating existing practices. (Reporting by Zhou Xin and Simon Rabinovitch; Editing by Chris Lewis)