Exposé of Chinese State Bank Shines a Light on Lending Practices

China’s new draft anti-overseas corruption law may face an uphill battle …

By: Toh Han Shih

Beijing announced its proposed Anti-Cross-Border Corruption Law (ACBCL) in August following a blistering exposé by a US journalism consortium on the overseas lending practices of the Industrial and Commercial Bank of China (ICBC), the largest Chinese state-owned bank. Given the competition between the US and C…