Growing trade with China is predicted to increase corporate borrowing in Chinese currency
HSBC Thailand expects higher demand for yuan borrowing from large Thai corporates, in line with positive growth of cross-border trade and investment between Thailand, China and Hong Kong.
Normally Thai corporate clients borrow in baht.
The growth of cross-border trade and investment between Thailand and China, including Hong Kong, means financial settlement in yuan should provide more convenience for trading partners, said the bank.
As a…
