Law and Practice of Debt Finance in Modern China: Cross-border Perspectives

This book provides an updated analysis of cross-border debt finance in the PRC, covering legal and regulatory issues, transaction structures, and documentation for loan and bond products. It also discusses the "Belt and Road Initiative" and the "opening-up" of the Chinese bond market to international issuers and investors. It is an authoritative source for students, researchers, bankers, and legal practitioners.

Format: Paperback / softback
Length: 314 pages
Publication date: 25 October 2022
Publisher: Springer Verlag, Singapore

This comprehensive book offers a timely and detailed analysis of the laws and practices governing cross-border debt finance in the People's Republic of China (PRC). Drawing upon the authors' extensive academic research and legal expertise spanning over two decades, it provides a firsthand perspective on the evolving landscape of this field.

The author delves into legal and regulatory considerations, transaction structures, and documentation related to two key debt finance products: loans and bonds. Specifically, it explores the inbound structure, where Chinese debtors raise funds from the international market, and the outbound structure, where Chinese creditors supply funds to the international market.

For cross-border loans, the book provides a thorough examination of the foreign debt regulatory regime in the PRC, highlighting the policies and regulations that govern lending by Chinese banks to support exports and overseas investments under the ambitious "Belt and Road Initiative" (BRI). It also sheds light on the specific challenges and opportunities faced by Chinese banks in this context.

On the other hand, for cross-border bonds, the book delves into the strategies employed by Chinese issuers to access the international bond market. It discusses how Chinese issuers utilize various transaction structures to tap into global capital markets, and it explores the recent "opening-up" of the Chinese bond market to both international issuers (for issuing "Panda Bonds") and investors (for purchasing Chinese bonds).

The book serves as an invaluable resource for students, researchers, bankers, and legal practitioners with a keen interest in the Chinese debt finance market. It offers a comprehensive and up-to-date understanding of the legal, regulatory, and transactional aspects of cross-border debt finance in the PRC, enabling professionals to navigate the complexities of this dynamic sector effectively.

Weight: 528g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811663420
Edition number: 1st ed. 2022