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China Moves to Close Overseas Investment Deal ‘Loophole’

Poster:Post date:2017-11-07
Catergory:Comments
Region:(China)
Issue:(China’s Rise)
(South China Morning Post, By Frank Tang) China is amending its overseas investment regulations to cover a widely used method of securing loans to buy assets abroad, as Beijing strengthens its oversight of outbound investment to curb the flow of cash out of the country. The suggested changes to the regulations cover Chinese companies applying for a letter of guarantee from a bank operating in China, but using the note to secure an offshore loan for an overseas unit of the firms.  
Last modification time:2017-11-08 AM 6:29

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