Borrowers in China are now faced with a clampdown as the banking watchdog sets oversight on how lenders should deal with the collateral pledged for loans.
China’s X-border transaction curbs are hindering companies that want to pay off debt offshore and increasing their appetite for X-border guarantee financing. But firms must play nice and not step across the line.
India’s central bank wants to stop long-term export advances being issued for struggling Indian firms to repay rupee loans. However, the guidelines appear riddled with holes.