Transna­tional Fi­nanc­ing

Beijing Review - - This Week -

Over the past two years, Chi­nese firms have raised more than $6 bil­lion in 64 cross-bor­der fi­nanc­ing deals through a China-Sin­ga­pore in­ter­gov­ern­men­tal pro­gram.

The deals in­volve over­seas bond is­su­ing, com­mer­cial loans and fi­nance leas­ing, ac­cord­ing to the pro­gram’s ad­min­is­tra­tion bureau.

It is be­lieved that the pro­gram has ef­fec­tively re­duced fi­nanc­ing costs for busi­nesses in western re­gions of China.

The south­west mu­nic­i­pal­ity of Chongqing be­came the cen­ter of op­er­a­tions for the China-Sin­ga­pore (Chongqing) Demon­stra­tion Ini­tia­tive on Strate­gic Con­nec­tiv­ity in 2016.

The ini­tia­tive aims to pi­lot co­op­er­a­tion in fields, in­clud­ing fi­nan­cial ser­vices, avi­a­tion, lo­gis­tics and in­for­ma­tion tech­nol­ogy.

It is the third such deal be­tween

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