The need of Chinese corporate to find billions in foreign exchange to pay overseas shareholders is likely to depress the renminbi. But will it last for long?
From a small Hong Kong office, a state-owned giant manages billions that bankroll global energy projects. Now, it's looking at taking its cash-pooling solutions global.
The Chinese conglomerate's over-arching ambition finally gets the better of its board – and its financial officers may have been powerless to halt the slide.