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Dacheng Advises Offshore Financial Institution on Cross-border RMB Financing

Guangzhou-based senior partner Zhou Liang recently advised the Singaporean branch of China Construction Bank on cross-border RMB loans. Zhou helped design the financing model and drafted legal documents and attorney’s opinion letter on cross-border financing. The Singaporean branch of China Construction Bank is the fourth offshore financial institution advised by Zhou, following China Construction Bank (Asia) Co., Ltd., China Construction Bank’s Hong Kong branch and  Industrial and Commercial Bank of China (Asia) Limited. 

The cross-border RMB loan products cater primarily to enterprises within the Comprehensive Financial Reform Pilot Zone in the border areas of Guangxi Autonomous Region. These innovative products would help accelerate the internationalization of RMB.