China Banks Increase International Borrowing

China’s four largest banks are increasingly turning to international firms such as Standard Chartered Plc and HSBC Holdings Plc for short-term borrowing, plugging a domestic funding gap. Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Agricultural Bank of China Ltd. and Bank of China Ltd. were all net borrowers in the first quarter, indicating increased reliance on external lenders, analysts say.

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