Banking & Finance partner Hallam Chow (Beijing) is quoted in this article discussing recent policy change aimed at helping banks in China expand their offshore lending business.
The new Chinese policy allows domestic banks with international settlement capabilities to lend directly to overseas enterprises.
“This new policy offers a new funding channel for offshore companies. Another positive impact will be that domestic banks can have opportunities to get international exposure and gain related experience, though it may create internal competition within one single bank group between its various branches,” says Hallam.
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