Bank of China lends US$56bn for overseas M&A

摘要

State-owned bank of china says it has extended loans of US$56.3bn for PRC companies to fund 188 overseas acquisitions in the past six years. The news highlights how Chinese companies are seeking to make inroads into overseas markets as growth slows at home. Among the deals that BOC has funded are those in industries ranging from electronics, infrastructure, commerce and leasing, it says in a statement posted on its website last Monday.