Bank of China (Canada) (BOCC) Cross Border Direct Loan
no fixed amount
Loan
Description:
Through Cross Border Direct Loan, Bank of China (Canada) offers financing to Canadian companies upon request and under foreign debt registration. This financing is available for companies whose single-name credit limits at a Chinese branch can be utilized, provided that the approved credits do not exceed the established limit.
Comments on Funding:
Funding takes the form of a loan, with the following features:
1. Resolves funding requirements of Canadian subsidiaries in Mainland China, bypassing regulations on credit concentration limit controls.
2. Utilizing lower financing costs overseas, reducing interest expense.
3. In comparison with capital financed in China, the funding is usually free from regulatory limits.
Continuous Intake
Eligibility:
Applicants must:
1. be Canadian Companies investing in China and having established Chinese subsidiaries;
2. meet these eligibility requirements:
a) have single name credit limit approved by Chinese branches (Including low risk credit).
b) have foreign debt approved and registered by the State Administration of Foreign Exchange (SAFE).
Application Steps:
For inquiries, applicants must call BOCC’s service hotline: 1-844-669-5566.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
