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A Primer in How Chinese Development Finance Works in Africa

Today, China is the world’s largest official creditor, more twice as large as the World and the International Monetary Fund combined. Nowhere is this more evident than in Africa where Beijing has lent an estimated $143 billion between 2000-2017.

But how China lends money is still poorly understood. Many observers often oversimplify the issue by characterizing it as “Chinese loans” or “Chinese finance.” The reality is that the Chinese development finance model is extremely complicated and includes a lot of competing actors who each pursue their own agendas.

Kanyi Lui is a Beijing-based project finance lawyer who’s spent almost two decades working in the overseas Chinese development finance sector. He’s worked closely China’s powerful policy banks, commercial creditors and in the private capital market as well. Kanyi joins Eric & Cobus to provide some badly-needed background as to who are the key players in this space and how they operate.

Show Notes:

About Kanyi Lui:

Kanyi is a highly experienced international banking and project finance lawyer. He has particular expertise on projects falling within the ambit of China’s “Belt-and-Road Initiative” as well as in relation to infrastructure and social public-private partnership projects. He has been featured by the Southern China Morning Post and The Economist, and highlighted by the Financial Times in its FT Innovative Lawyers Awards Asia-Pacific. Kanyi is a Fellow of the Chartered Institute of Arbitrators, the Malaysian Institute of Arbitrators, Prime Disputes and Arbitrators’ and Mediators’ Institute of New Zealand, and has rights of audience before the AIFC Court. 

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