The leasing subsidiaries of at least two large Chinese banks are in talks with the financial regulator about converting shipping leases into mortgages as a safeguard against US levies they say will test China’s maritime dominance, according to people familiar with the matter.
The plan to transfer leases onto the books of their parent banks was first raised by lessors and shipowners during talks last month with representatives of the National Financial Regulatory Administration, said the people, who asked not to be named because of the sensitivity of the matter.
Chinese Lessors in Talks With Beijing to Ease US Port-Fee Stress
