For Silicon Valley Bank, the Future Is China

For Silicon Valley Bank, the Future Is China
June 01, 2011 Wall Street Journal

When Pat Chan, the chief executive of small Beijing software company Borqs Ltd. needed a multimillion-dollar line of credit, he didn't go to a Chinese bank—he got his money from a Santa Clara, Calif., bank with a growing business abroad.

SVB Financial Group's Silicon Valley Bank is a specialist for entrepreneurs, start-ups and venture-capital firms. In recent years the bank has been expanding abroad, following its customers and, in China in particular, seizing on the underserved start-up niche.

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