Bank of Baroda can be called upon to play a prominent role in this respect. The application of a mechanism similar to this one has helped to maintain a steady and growing level of tourism between South Africa and Mauritius over the years. South African rand banknotes are today freely exchanged by South African travellers in Mauritius.
Qualified financial institutions will be encouraged to establish overseas operations, and explore equity investment in overseas financial institutions through merger and acquisition, in order to provide enterprises with convenient financial services in their overseas investment and operation; enterprises investing and operating abroad are encouraged to take advantage of financing tools in host countries such as lending, asset securitization, stock offering, bond issue, project financing, and etc; domestic investment entities will be allowed to provide financing guarantee to their overseas subsidiaries subject to approval.