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Stefan Jensen, project manager, at LVMH Moet Hennessy Louis Vuitton talks about the implementation of its global payments factory.
GE’s Alstom deal secures new production, but also a connection to Alstom’s top-notch China RMB treasury operations.
AkzoNobel is the forerunner in centralising payments. The company extended its ambitious project to Asia, with some creative twists.
Siemens, Alibaba, Huawei and ZTE are all in the second batch of SAFE’s pilot for cross-border FX cash sweeping, netting and centralised payments transactions, CT has learnt.
US multinational approved to tap the PBOC’s extended pilot programme for cross-border RMB intercompany lending.
MNCs tell CT how they are taking advantage of pilot programs in China to repatriate trapped renminbi and streamline cash management.