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.
By adopting a new supplier-financing programme, the Chinese wind power generator is giving its suppliers the flexibility to get paid up to 270 days earlier.
Transitioning onto the nation’s electronic system can save treasurers in China from a massive paper hunt, but the banking industry needs to be ready first.
By setting up a bill pool to collectively manage bank acceptance bills, treasury manpower can be significantly saved. But the solution has its limitations too.
The US lender is looking to increase its wallet share among Asia-based multinational corporate clients. Munir Nanji, Asia sales head for treasury and trade solutions at Citi, tells CT how.