Not Safe: lenders fear China volumes after forex move

Chinese companies are in discussions with their local bankers about foreign currency loans they can now send offshore, following a change in rules earlier this month. That has sparked fear among some bankers outside of the country, who think they will now face a tougher time originating deals from Chinese borrowers.

  • 26 Jun 2012

The State Administration of Foreign Exchange (Safe) announced in the middle of the month that it will allow Chinese companies to get foreign currency-denominated loans within the country and pass these loans on to their overseas subsidiaries.

That offers a direct alternative to funding from foreign banks, and ...

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