Law and Practice of Debt Finance in Modern China

This book provides updated, full-picture analysis of the laws and practices of cross-border debt finance in the PRC. It is featured by the first-handed experiences of the author's academic research and legal practice in this field over two decades.

The author discusses legal and regulatory issues, transaction structures and documentation in relation to two debt finance products: loan and bond, covering the inbound structure (Chinese debtors' raising funds from the international market) and the outbound structure (Chinese creditors' supplying funds to the international market). For cross-border loans, this book thoroughly illustrates the foreign debt regulatory regime in the PRC and approaches the lending by Chinese banks to support exports and overseas investments under the Belt and Road Initiative (BRI). For cross-border bonds, it discusses how Chinese issuers, by designing various transaction structures, enter into the international bond market, and then researches the opening-up of Chinese bond market to both international issuers (for issuing Panda Bonds) and investors (for purchasing Chinese bonds).

This book is used as an authoritative source for not only students and researchers, but also bankers and legal practitioners, who are interested in the Chinese debt finance market.

Provides a full picture on the legal and regulatory issues with respect to cross-border debt finance Covers an in-depth analysis from both academic and practical perspectives Illustrates the foreign debt regulatory regime in the PRC and approaches the lending by Chinese banks

Autorentext
Dr. Xin Zhang graduated from the Law School of Xiamen University (Bachelor and Master of Law in International Economic Law), and later obtained the LLM and the Ph.D. in Law Degree from University of London. He is a partner at Beijing Global Law Office, a leading PRC law firm, specialised in banking and finance, financial regulation and derivatives. He has been awarded as one of the PRC Leading Lawyers in the sectors of Banking and Securitisation & Derivatives by Chambers Asia: Asia's Leading Lawyers for Business, The Legal 500, IFLR and asialaw Profiles since 2008.

Inhalt
Introduction.- Legal and Regulatory Framework, Modules and Competent Authorities.- Borrowing from the International Market: The Foreign Debt Regime.- International Lending by Chinese Banks: The Belt and Road Initiative.- Issuing Bonds in the International Market: The Chinese Players.- Opening the Chinese Bond Markets: The Issuance of Panda Bonds and the Bond Trading Mechanisms.- The Future of Cross-border Debt Finance in China: Conclusions.