Regulatory reforms are spurring a rise in offshore loans for China's private-sector companies even as mounting defaults in the onshore market highlight the risks involved in lending to lesser credits. Last week, five banks signed a US$650m three-tranche refinancing for china fishery croup with an eye on launching the loan into syndication next month. A US$250m five-year loan for haier international was launched last week, as was a US$100m two-year borrowing for unitrust finance & leasinc corp.
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