A recent Goldman Sachs report estimates that capital flows worth $4bn have been lost to Singapore as a result of the recent HK unrest. Where does this leave Hong Kong as a corporate treasury hub?
Protests, riots and mayhem – it’s enough to give any treasurer indigestion. So is it time to move your treasury operations to Singapore, or should you wait out the storm?
Treasurers tell CT what a return to the reserve requirement on forward trading – which puts the brakes on renminbi-US dollar forwards – will mean for their operations.
China has been pushing for more Panda issuance, and a Hong Kong-listed water supply company has delivered despite not holding the top credit rating. It explains how and why.
Belgian multinational Solvay reveals how it made pooling work — while another treasurer tells how his company fell foul of a policy change. Both agree keeping regulators onside is key.
From today Chinese financial institutions no longer have to set aside 20 per cent of the value of dollar purchases. For treasurers, that means lower costs and an opportunity to hedge.