Chinese banks woo foreign participants for OBOR projects
Syndicated loan activity in Asia ex-Japan may have slumped this year, but the slowdown is not all bad. The numbers show a return to normalcy in the region following an unusually stellar year of business in 2016, according to speakers at a loan market conference last week.
Market watchers at the Asia Pacific Loan Market Association’s conference in Shanghai in China had plenty on their minds, including the sharp reduction in outbound M&A by privately-owned Chinese companies after the authorities imposed capital controls at the end of last year.
China outbound M&A recorded a 43% year-on-year
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