Carlisle to establish China USD cash pool with BAML
Carlisle Companies won SAFE approval for a China domestic US dollar cash pool in the Shanghai FTZ, but holds off on cross-border implementation over FATCA concerns.
Carlisle Companies, a US-headquartered diversified manufacturer, will establish a China US dollar cash pool in the Shanghai (FTZ) with Bank of America Merrill Lynch (BAML) China, according to Asia-Pacific CFO, Frankie Liu.
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