China easing: the new risk for offshore loans

China’s policy of easing interest rates has pushed down expectations for the renminbi, and made mainland banks more comfortable holding foreign currencies. That could threaten offshore loan volumes in the second half of the year, said market participants.

  • 11 Jul 2012
The People’s Bank of China cut one year lending rates by 31bp last week, only three weeks after a local regulator said it would let companies borrow in foreign currencies onshore and send that money offshore to fund their subsidiaries. The loosening of both rates and rules has ...

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