About 700,000 (over 40%) private enterprises in Chinese mainland have plan to expand their business overseas in the next three years, including establish overseas sales channels and overseas offices, says a survey by HSBC Bank . In the process of globalization, private enterprises need more international financial services.
The survey shows that in the early stage of development, the majority of private enterprises mainly rely on its own capital. With the development of business, they need external funding support.
Currently, 71% of private enterprises mainly get loans from state-owned commercial banks, and only 12% of private enterprises in mainland use foreign investment banking services.
Many private enterprises have growing interest in foreign banks' services, including short term RMB loans, the exchange rate / interest rate hedging, mergers and acquisitions advisory services, and so on.
By People's Daily Online
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