Onshore restrictions limit China guarantee scheme impact.

• Autores: Ashley Lee
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 33, Nº. 5 (Jun2014), 2014
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The article reports on the rules issued by the State Administration of Foreign Exchange (Safe) of China for domestic companies selling offshore bonds that are said to limit the impact of a government guarantee scheme. Outlook presented indicate the continued popularity of credit enhancement structures such as keepwell deeds and standby letters of credit. It is viewed that Chinese companies active in the offshore market do not benefit from the scheme.