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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.
Partnering with a fintech company can clearly benefit your treasury operations; but if banks fret about risks associated with new technology, so should corporate treasurers. The right due diligence is essential.
Treasurers and CFOs past and present from the likes of Danone, Kraft Heinz, Wipro Unza and Diageo join CT and Openlink to discuss managing risk in a time of geopolitical turmoil.
Before its stock rout, China Huishan Dairy Holdings was already running on a muddy path, haunted by its weak financial balance.
With a simple tweak to its deposit management, the Indian FMCG has potentially added almost $40,000 to the bottom line.
CFOs will be crucial to combating tax evasion, as the UK introduces a new law that affects any company globally with a touch point in the UK, lawyers say.
After the successful launch of its RTC, the CFO of the frozen food company believes the creation of a shared services centre is the next logical step.
China’s central bank encourages manufacturers to set up centralised treasury units to improve their capital efficiency.
Corporates looking to mask poor performance by purchasing an entity that owns investment property and placing a higher valuation in their accounts will see that 'unimaginative' technique ruled out.
A sour situation at China Huishan Dairy will hardly be helped by the fact it has lost contact with its treasury chief. Our thoughts go out to the team left behind.