A record number of Chinese enterprises have been investing overseas after the PRC government’s unveiling of the One Belt, One Road strategy. This, in turn, boosted the growth of the independent guarantee business of domestic banks, with official figures pinning the total value of independent bank guarantees issued by Chinese banks in 2015 alone at $292.92 billion.
This premium content is reserved for
China Law & Practice Subscribers.
Continue reading by getting
started with a subscription.