Syndicated loan refers to a loan business in which two or more lenders provide loans to one or more borrowers under the same loan conditions and different division of labor, and sign the same loan agreement. Usually, a bank will be selected as the correspondent bank to manage the loan on behalf of the syndicate members. 1. The loan amount is large and the term is long. It can meet the long-term and large capital needs of borrowers. It is generally used for new project loans, large-scale equipment leasing and enterprise merger and acquisition financing in transportation, petrochemical, telecommunications, electric power and other industries. 2. Financing takes less time and energy. After the borrower and the host bank reach an agreement on the loan terms, the host bank is responsible for forming a syndicate. In the loan execution stage, the borrower does not need to face all members of the syndicate, and the related loan management work such as withdrawal, repayment of principal and interest is completed by the agent bank. 3. There are many forms of syndicated loans. In the same syndicated loan, various forms of loans can be provided according to the needs of borrowers, such as term loans, revolving loans, standby letter of credit lines, etc. At the same time, different currencies or currency combinations such as RMB, USD, EUR and GBP can be selected according to the needs of borrowers.