in december 2016, oceanwide holdings deposited to china citic bank beijing headquarters as collateral, at the same time china oceanwide group borrowed a further us$200 million from citic bank international, mature in a year. in january 2017 china oceanwide group borrowed us$200 million from dbs bank singapore branch and hsbc (hong kong), which oceanwide holdings also deposited renminbi equivalent to us$211 million and us100 million to their beijing branch, as a response to the tighten capital control of china.