Topic: variable interest entities

Cayman may be a UK overseas territory, with an economy dominated by the US, but data shows that its financial services industry increasingly caters for Chinese firms.

Updated estimates of global cross-border investment holdings show a growing exposure of investors in developed countries to China, often using investment structures offshore.

Commentators have speculated that new guidelines will put a chill on US stock offerings by Chinese companies and affect commonly-used structures in the Cayman Islands.