Financing for Out-bound Investment
More and more Chinese enterprises, encouraged by the implementation of the “go-global” policy of the Chinese government, are aiming to expand their cross-border economic cooperation to the field of outbound investments. They have been actively seeking opportunities to invest in overseas resource development and construction projects, primarily with financing support from domestic banks.
From 2004 to 2005, King & Wood, as legal counsel to the Export-Import Bank of China, participated in the provision of buyer’s USD credits by the latter to the government of Angola. Our work has significantly contributed to the presence of many Chinese companies in Angola for construction projects. Thereafter, we have been acting as legal counsel to many domestic banks and have advised on the financing of dozens of out-bound projects in many countries in Africa, South America, Central Asia and Southeast Asia.
With our thorough understanding of not only Chinese law and judicial practice but also of the unique needs of each of our clients, we have been able to provide our clients with many constructive project structural designs and solutions.