China

  • Editorial

  • In-house interviews: Banking on reform

    Foreign banks face legal and regulatory uncertainties when they invest in China. Despite the government's reform efforts, more needs to be done to ease existing restrictions on investment, speed up liberalization and strengthen the financial system. IFLR asked some of the leading players how this can be achieved

  • About the contributors

  • Introduction: foreign investment in post-WTO China

    Michael M Hickman and Owen Cox of Simmons & Simmons review how far the Chinese government has met the commitments it made as part of its World Trade Organization accession 18 months ago. Much has been done to open up the financial sector to foreign investment, but barriers remain

  • How foreign investors can buy Chinese companies

    Foreign parties can now buy domestic companies for the first time. Bai Wei and Ma Zhou of Jingtian & Gongcheng explain the options available to investors and what they must do to get the deal approved

  • Why reforms to foreign bank supervision may cause confusion

    The setting up of an independent banking regulator should improve bank supervision in the long term. But until then, activities of foreign banks are likely to remain subject to the scrutiny of the central bank, creating confusion over who has what authority, say Wang Ling and Robert Chen of King & Wood

  • How banks can reduce the risks of bad loans

    Chinese banks must continue to improve risk management practices and their monitoring of borrowers to ensure they do not accumulate any more non-performing loans, say John ZL Huang and Donna Li of AllBright Law Offices

  • A cautious opening to China's securities markets

    China has finally opened its securities markets to foreign investors, bidding to internationalize the practices of many local companies. Michael M Hickman, Rolfe Hayden and Owen Cox of Simmons & Simmons detail the new rules, but warn the restrictions on trading, investment size, repatriation and accounts may slow reforms

  • Real estate finance: mezzanine loans bridge the equity gap

    John A Cahill, Chau Ho and Lin Huawei of Paul, Hastings, Janofsky & Walker reveal how US structured finance techniques are becoming increasingly popular with real estate developers needing more funding for projects in China. But there are obstacles to structuring these deals

  • Legal obstacles to project finance in China

    Lenders to project finance deals in China have to weigh the benefits of investing against legal uncertainties over issues such as security, offshore bank accounts and syndicated loan fees. By Li Zhiqiang and Xie Yong of Jin Mao Law Firm

  • The way to make securitization work in China

    The opportunities in China to use securitization to fund expansion are there. But without the necessary reforms, hurdles such as bankruptcy-remoteness, obligor consent, withholding tax and convertibility will continue to stunt the development of the market, explains Neil Campbell of Paul, Hastings, Janofsky & Walker