BAIC, Jinchuan get NDRC nod for offshore loans

Two Chinese firms have received the National Development and Reform Commission’s approval to tap the offshore loan market for funding.

  • By John Loh
  • 22 Sep 2017



State-owned automaker Beijing Automotive Group and mining company Jinchuan Group Co’s applications for overseas fundraising were waived through by the regulator, according to filings on NDRC’s website.

BAIC is no stranger to the capital markets and international banks, having borrowed in various currencies and through myriad subsidiaries over ...

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