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M&A lending now legal
“Groundbreaking” rules give domestic commercial banks important role
Date:
16 December 2008
The banking regulator has issued new rules which allow lending for M&A transactions, opening the door to leveraged buyouts in the PRC.
The Guidelines on Risk Management of Acquisition Loans of Commercial Banks were issued by the China Banking Regulatory Commission (CBRC) on December 6. They allow “strong” commercial banks to loan money to...
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