StanChart lends RMB to TEC client in cross-border first
Standard Chartered has wrapped up the first cross-border loan from a foreign bank to a client based in the Tianjin Eco-City (TEC). Although small, the Rmb50m ($8m) financing for Tianjin Eco-City Keppel New Energy Development (TEC-Keppel) is nonetheless a landmark, originating from StanChart's Singapore branch.
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