Introduction

For Chinese "going out" enterprises' subsidiaries in Mauritius which are in need of production or operation fund and credit support from banks, they may apply for financing from Bank of China (Mauritius) under the following precondition: the foreign subsidiary shall be secured by a SLC or L/G issued by a domestic branch of Bank of China or other commercial bank in which Bank of China (Mauritius) is appointed as the beneficiary.

Features

1. It can meet the financing needs for the "going out" enterprises to establish subsidiaries in Mauritius: A strong domestic corporate customer may have a Mauritian subsidiary with limited strength or not qualified for applying for financing credit independently from Bank of China (Mauritius). Therefore, the Mauritian subsidiary may solve its financing needs through "domestic guarantee and foreign loan".

2. It is simple and convenient: The financing application is handled through guarantee with rapid examination and approval of credit line, as well as easy procedures.