Getting the most out of China’s regulators
May 12, 2014
Companies jump at new Singapore-Suzhou RMB initiative
Technoform raised a Rmb10 million loan from ICBC in a Chinese-Singaporean pilot initiative that bypasses foreign debt quotas. At least four other companies are following suit.
Technoform Bautec, a German insulation product manufacturer with its regional headquarters in Singapore, is the first company to transact a cross-border renminbi loan from the Lion City to the Suzhou Industrial Park (SIP).
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