Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.
Find out more at btsub.sg/promo
[SHANGHAI] China has granted approval to foreign banks based in the country to raise a combined US$20 billion in foreign medium- and long-term debt in 2016, the country's top economic planner said on Tuesday.
Beijing sets annual quotas for China-based foreign banks to raise debt of one-year and longer outside China. The quotas are in effect from April 1 to March 31 next year.
In 2015, the National Development and Reform Commission, announced it assigned the quotas without giving details.