China relaxes rules on corporate bank accounts; China’s has a top year for market fines; China mulls new credit rating rules; China brings in new e-commerce rules
In a first for the country's banks, one of China's big-four lenders taps fintech to provide a loan online. The bank says using technology will offer businesses in the agriculture sector easier access to liquidity.
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.
In an attempt to fix naked malfeasance, the latest ticket from China’s banking regulator will keep banks on the straight and narrow. That will help higher-rated borrowers.
Treasurers need to understand the Chinese regulator's thinking when handing cross-border transactions. Its priority now is ensuring such transactions are authentic.
Taiwanese SMEs lost an estimated $6.6 billion in TRF (targeted redemption forwards) after the renminbi’s devaluation in 2015. The question now is who will pay back this money?
Suspicion of fraud at a Chinese company is not the same as fraud, cautions Andrew Leung. For added peace of mind, study your business partner's books and, if necessary, pay a visit.