【正文】 rovided by ICBC to PetroChina and other large SOEs with special approval from the State Council for each loan. Although various approaches have been used by enterprises to obtain loans from banks in order to facilitate their merger transactions, direct loans for Mamp。s Bank of China. Exceptions were limited to specifically approved Mamp。A loans by mercial banks in China must be stronger than that for other loans. Generally speaking, prior to issuance of the Guidelines, Mamp。s largest steelmaker, about making acquisition loans available to Baosteel. The Bank of Communications is also reportedly negotiating acquisition loans with steel manufacturing and shipbuilding panies. THE SUBSTANCE OF THE NEW GUIDELINES What are the new Guidelines? The Guidelines are essentially risk management guidelines that permit mercial banks to make Mamp。A transactions on December 25, 2021, in partnership with the Bank of Shanghai and the Shanghai United Assets and Equity Exchange. Under this latter arrangement, the Shanghai United Assets and Equity Exchange will be responsible for remending wellperforming, nonreal estate projects to ICBC and the Bank of Shanghai to be the subject of acquisition loans. China Construction Bank (CCB), like ICBC one of China39。A transactions of local Shenzhen enterprises. On January 6, 2021, ICBC signed a cooperation framework agreement on Mamp。s Shenzhen branch signed a strategic cooperation agreement with China HiTech Property Exchange and Shenzhen Assets amp。s largestever credit line for enterprise Mamp。s Southern United Assets and Equity Exchange (CSUAEE) whereby ICBC would extend a CNY 20 billion line of credit for future Mamp。A lending. On January 22, 2021, ICBC39。an Group. State media reported that this is the first acquisition loan since the Guidelines were promulgated. CITIC Guo39。A) lending activity, describe the substance of the new Guidelines and what changes they bring, and offer an outlook on the effects the Guidelines will have. Mamp。A Loan Activity Under New CBRC Guidelines: What Does The Future Hold? 02 March 2021 Article by Paul D. McKenzie, Charles Comey, Thomas . Chou, Xiaohu Ma and Sherry Yin Contents 1. Mamp。本科畢業(yè)論文外文翻譯 外文題目： First Mamp。A Loan activity under new CBRC guide line: what does future hold? 出 處： 作 者： Paul D. McKenzie, Charles Comey, Thomas . Chou, Xiaohu Ma and Sherry Yin 原 文： China: First Mamp。A Loan Activity Since the New Guidelines Were Issued 2. The Substance of the New Guidelines ? What are the new Guidelines? ? Who can lend? ? Who can borrow? ? How will the loans be structured? 3. Outlook ? Why issue the Guidelines now? ? Who will benefit? ? Market potential 4. Conclusion A number of acquisition loan arrangements have already been inked since the China Bank Regulatory Commission (CBRC) issued new guidelines (the Guidelines) on December 6, 2021 allowing mercial banks to provide loans to domestic enterprises conducting acquisitions within China and abroad. In this legal update, we report on new merger and acquisition (Mamp。A LOAN ACTIVITY SINCE THE NEW GUIDELINES WERE ISSUED Two banks in China are reported to have taken advantage of the new Guidelines already, and another two are in negotiations to do so. Most recently, on January 20, 2021, the China Development Bank signed a contract for a CNY billion (USD 240 million) acquisition loan to the CITIC Guo39。an, a subsidiary of the CITIC Group that invests in the information industry, natural resources development, and real estate development, would use the loan to increase its shareholding stake in the Baiyin Group, a nonferrous metal processing pany in northwest China. The Industrial and Commercial Bank of China (ICBC) has been actively signing agreements establishing cooperative arrangements and lines of credit for Mamp。s Guangdong branch signed a strategic cooperation agreement with China39。A transactions by local panies. ICBC claims that this is China39。A. The loans will be extended to enterprises focusing on infrastructure construction, environmental protection, and high technology. On January 16, 2021, ICBC39。 Equity Exchange. The agreement would provide a CNY 10 billion line of credit to support the Mamp。A loans with Beijing Capital Co., Ltd., a Chinese pany listed on the Shanghai Stock Exchange, engaging in infrastructure investment and operation management (particularly with respect to urban water supply and sewage disposal), and the China Beijing Equity Exchange. ICBC also granted a CNY 10 billion credit line for enterprise Mamp。s Big Four stateowned mercial banks, is reportedly in talks with Baosteel Group Corp.