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The central bank is now making it easier for renminbi to be remitted, but conditions still apply. Treasurers in China are, however, holding fire until more information is available, CT understands.
The Chinese programme and event producer hires from the Hong Kong port operator.
Before its stock rout, China Huishan Dairy Holdings was already running on a muddy path, haunted by its weak financial balance.
George Wong, treasurer at Hong Kong Exchanges and Clearing Corporation until December, is joining the Chinese brokerage’s Hong Kong subsidiary.
China’s central bank encourages manufacturers to set up centralised treasury units to improve their capital efficiency.
Malaysia’s PM promises to deliver some ‘liberalisation’ in the domestic FX market in the future, months after the country banned the offshore NDF market. But the lack of detail is disappointing.
Chinese lenders could undergo a liquidity crunch as the central bank incorporates wealth management products as part of its regular credit assessment, CICC warns.
With CBRC approval, the Chinese power generator’s in-house bank completes supply chain financing transactions involving both its own entity and a third party.
MNCs in Vietnam have received clearer guidance on transfer pricing compliance but putting them into practice will be challenging.
Instead of parking liquidity at a commercial bank in Thailand, Mitsubishi Electric wants to achieve better deposit yields and cash investment returns by pooling, CT has learnt.