RBS and Bank of China announced their first commodity transaction using the Bolero electronic trade finance platform, following deals executed by Japan’s Mizuho Bank in March and China CITIC Bank last November.
German car parts and tyre maker Continental has joined the club of multinationals approved by China’s central bank to transact renminbi intercompany loans out of China.
Rodney Olsen, APAC CFO of Kimberly-Clark, on how the maker of Kleenex’s finance team joined forces with marketing to rollout True North, its global FP&A initiative.
China’s FX regulator has simplified foreign debt registration which eases restrictions on back-to-back lending between banks in China and Hong Kong. James Wang Yong, an attorney at Han Kun Law Offices in China, ...
US-listed Moog Inc, a designer and maker of precision control systems, is the latest addition to a handful of MNCs granted a quota from China’s central bank to make cross-border renminbi intercompany loans.
The US car maker has received PBOC's approval to lend money out of China with the end goal to help its headquarters in Michigan to settle Chinese supplier payments in renminbi.